Multiple Choice
Paco's Bikes sells 120 bicycles each month for $400 per unit.Variable cost per unit is $160 and fixed costs total $4,800 per month.What is the contribution margin ratio?
A) 0.40
B) 0.60
C) 2.50
D) 0.70
E) None of the answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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