Keith Company Produces Flash Drives for Computers, Which It Sells

question 151

Multiple Choice

Keith Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?

• A) 30%
• B) 40%
• C) 60%
• D) 70%

Understand the impact of subsidiaries' dividends on the parent company's investment account.

Understand the determination of noncontrolling interest and its value at the date of acquisition.

Apply the acquisition method to calculate the amount of goodwill in business combinations.

Calculate income attributable to parent company shareholders from subsidiary operations.

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The process of using assessments and observations to understand a child's development, behavior, educational needs, or psychological state.