menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 22: Cost-Volume-Profit
  5. Question
    The Contribution Margin Ratio of 40% Means That 60 Cents
Solved

The Contribution Margin Ratio of 40% Means That 60 Cents

Question 131

Question 131

True/False

The contribution margin ratio of 40% means that 60 cents of each sales dollar is available to cover fixed costs and to produce a profit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q126: Which of the following would be the

Q127: The contribution margin ratio increases when<br>A) fixed

Q128: Oakbrook Inc. reported actual sales of $2000000

Q129: The graph of variable costs that behave

Q130: A company has total fixed costs of

Q132: Changes in activity have a(n) _ effect

Q133: Reliable Manufacturing wants to sell a sufficient

Q134: When units produced are greater than units

Q135: When applying the high-low method the variable

Q136: For CVP analysis both variable and fixed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines