Multiple Choice
Sutton Company produces flash drives for computers, which it sells for $20 each.Each flash drive costs $6 of variable costs to make.During April, 1,000 drives were sold.Fixed costs for April were $2 per unit for a total of $2,000 for the month.How much is the contribution margin ratio?
A) 30%
B) 40%
C) 60%
D) 70%
Correct Answer:
Verified
Correct Answer:
Verified
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