Hollis Industries Produces Flash Drives for Computers Which It Sells

question 105

Multiple Choice

Hollis Industries produces flash drives for computers which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. How much is the contribution margin ratio?

• A) 25%
• B) 35%
• C) 65%
• D) 75%

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Definitions:

Aquarium Equipment

Tools and devices specifically designed for setting up, maintaining, and enhancing the functionality and aesthetics of aquariums.

Technical Skills

The understanding of and proficiency in the performance of specific tasks.

E-selling

The process of selling goods or services over the internet through digital platforms or online stores.

Specific Tasks

Particular duties or responsibilities assigned to someone as part of their job or project.