At a Volume Level of 500,000 Units, Sullivan Reported the Following

Multiple Choice

At a volume level of 500,000 units, Sullivan reported the following information: sales price $60; variable cost per unit $20; fixed cost per unit $20. Sullivan's contribution margin ratio is:

A) 0.33.
B) 0.40.
C) 0.50.
D) 0.67.
E) 0.83.