The Following Information Is for Allen Corporation The Contribution- Margin Ratio Is:
A) 64

Multiple Choice

The following information is for Allen Corporation: $\begin{array}{ll}\text { Total fixed costs } & \$ 313,500 \\\text { Variable costs per unit } & \$ 101 \\\text { Selling price per unit } & \$ 163\end{array}$ The contribution- margin ratio is:

A) 64.3%
B) 55.6%
C) 38.0%
D) 35.7%