Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$180,000Variable expenses 108,000Contribution margin 72,000Fixed expenses 62,400Net operating income$9,600The contribution margin ratio is closest to:
A. 60%
B. 67%
C. 33%
D. 40%
Answer: D
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Break-even sales volume in units is determined by:
a. Dividing the fixed cost by the difference between the unit selling price and unit variable costs. b. Subtracting the fixed cost from the contribution margin. c. Dividing the fixed cost by the unit selling price. d. Subtracting the variable cost per unit from the unit selling price.
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