Multiple Choice
Fessler, Inc. has a product with a selling price per unit of $200, the unit variable cost is $75, and the total monthly fixed costs are $300,000. How much is Fessler's contribution margin ratio?
A) 62.5%
B) 37.5%
C) 150%
D) 266.6%
Correct Answer:
Verified
Correct Answer:
Verified
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