For Franklin, Inc

question 11

Multiple Choice

For Franklin, Inc., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What are the total variable expenses?

• A) $384,000
• B) $720,000
• C) $1,280,000
• D) $2,000,000

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Definitions:

Load Connected

Refers to an electrical component or device that is connected to a circuit and draws power from it.

Secondary

Refers to the output side of a transformer that receives energy from the primary winding and delivers it to the load.

Turns Ratio

The ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer, which determines the voltage transformation.

Turns

The number of windings in a coil or inductor, affecting its inductance and magnetic field strength.