Kaprelian Company Sells Desks at $480 Per Desk

question 83

Multiple Choice

Kaprelian Company sells desks at $480 per desk.The variable costs are $300 per desk.Total fixed costs for the period are $400,000.The contribution margin ratio is ________.

• A) 22.5%
• B) 37.5%
• C) 40.6%
• D) 62.5%

---

Definitions:

Mean

Refers to the arithmetic average of a dataset, computed as the sum of all the numerical values divided by the count of values in the dataset.

Standard Error

The standard deviation of the sampling distribution of a statistic, often the mean, representing the accuracy with which a sample approximates a population.

Confidence Interval

A span of values, obtained from sample information, which is expected to encompass the value of an unidentified population characteristic.

Mean

The arithmetic average of a set of values, calculated by adding all the numbers together and dividing by the count of values.