The Gasson Company Sells Three Products, Product A, Product B

question 52

Multiple Choice

The Gasson Company sells three products, Product A, Product B and Product C, and had sales of £1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totaled £350,000. Sales were: Product A, £500,000; Product B, £300,000; and Product C, £200,000. Traceable fixed costs were: Product A, £120,000; Product B, £100,000; and Product C, £60,000. The variable expenses of Product A were £300,000 and the variable expenses of Product B were £180,000.
-The contribution margin ratio for Product C is

• A)75%.
• B)69%.
• C)31%.
• D)25%.

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