Last year twins company reported 750000 in sales 25000, Ask an Expert

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.:- M9443254

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