Figure 4-3

Multiple Choice

Figure 4-3.Paney Company makes calendars. Information on cost per unit is as follows:
Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per calendar is $10.
-Refer to Figure 4-3. What is the variable expense ratio?

A) 40%
B) 36%
C) 50%
D) 60%
E) 46%