Figure 8-2
Lewis Production Company Had the Following Projected Information

Multiple Choice

Figure 8-2
Lewis Production Company had the following projected information for 2011: $\begin{array}{lr}\text { Selling price per unit } & £ 150 \\\text { Variable cost per unit } & £ 90 \\\text { Total fixed costs } & £ 300,000\end{array}$
-Refer to Figure 8-2. What is the contribution margin ratio?

A) 0.400
B) 1.667
C) 2.500
D) 0.600