Multiple Choice
Hollis Industries produces flash drives for computers which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. How much is the contribution margin ratio?
A) 25%
B) 35%
C) 65%
D) 75%
Correct Answer:
Verified
Correct Answer:
Verified
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