Hollis Industries Produces Flash Drives for Computers, Which It Sells

question 121

Multiple Choice

Hollis Industries 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%

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Associate

To connect or link someone or something in one's mind with something else.

Analyzing Impressions

The act of examining and interpreting the perceptions and judgments formed about others or oneself during interactions.

Reading Others

The ability to understand and interpret other people's emotions, intentions, and non-verbal cues.