Multiple Choice
The Blue Company is currently selling its single product for $15.Variable costs are estimated to remain at 70% of the current selling price and fixed costs are estimated to be $4,800 per month.If Blue increases its selling price by 10%,its variable cost ratio will:
A) Not change.
B) Decrease.
C) Increase.
D) Cannot determine with the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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