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Accounting

Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of $25,000. At the break-even point, the company's total contribution margin equals $500,000. Based on this information, the company's:

a) contribution margin ratio is 40%.

b) break-even point is 24,000 units.

c) variable expense per unit is $9.

d) variable expenses are 60% of sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9414935

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