Business, 07.06.2020 11:57, ronniethefun
The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June.
The company's overall contribution margin ratio was 37% and fixed expenses totaled $340,000.
Sales were:
Product A, $500,000;
Product B, $300,000; and
Product C, $200,000.
Traceable fixed costs were:
Product A, $120,000;
Product B, $100,000; and
Product C, $60,000.
The variable expenses of Product A were $300,000 and the variable expenses of Product B were $180,000.
.The contribution margin ratio for Product C is
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