Asked by
Brayden Salomon
on Oct 11, 2024
Verified
The variable expense ratio is closest to:
A) 33%
B) 67%
C) 25%
D) 75%
Variable Expense Ratio
The proportion of variable expenses to total sales, indicating how variable costs change with changes in sales volume.
- Learn how to calculate and assess the importance of the contribution margin along with the contribution margin ratio.
Verified Answer
LJ
Learning Objectives
- Learn how to calculate and assess the importance of the contribution margin along with the contribution margin ratio.