Reference no: EM132796007

Problem 1: The contribution margin ratio is computed as:

A. sales divided by contribution margin
B. contribution margin divided by sales
C. contribution margin divided by cost of sales
D. contribution margin divided by variable cost of sales

Problem 2: Department B had 3,000 units in Work in Process that were 25% completed at the beginning of the period at a cost of $12,500. 13,700 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450, and factory overhead was $18,710. The number of equivalent units of production for the period for materials if the first-in, first-out method is used to cost inventories was

A. 16,700
B. 12,000
C. 1,700
D. 13,700