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Using the Contribution Margin Approach, Find the Contribution Margin Ratio

Question 118

Multiple Choice

Using the contribution margin approach, find the contribution margin ratio for Consumer Products if the selling price per unit is $12, the variable cost per unit is $3, and the fixed costs are $8,040.


A) 25%
B) 50%
C) 75%
D) 100%

Correct Answer:

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