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17 May, 10:44

Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total variable costs were $6,000. What is the %C of each bamboo bowl?

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  1. 17 May, 14:36
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    Contribution percent = 75%

    Explanation:

    Given:

    Total sales = $24,000

    Total Variable cost = $6,000

    Total units = 6,000

    Contribution percent = ?

    Computation of Contribution:

    Contribution = Total sales - Total Variable cost

    Contribution = $24,000 - $6,000

    Contribution = $18,000

    Computation of Contribution percent:

    Contribution percent = Contribution / Total sales

    Contribution percent = 18,000 / 24,000

    Contribution percent = 0.75

    Contribution percent = 75%
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Home » Business » Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total variable costs were $6,000. What is the %C of each bamboo bowl?
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