Multiple Choice
Wang Co.manufactures and sells a single product that sells for $450 per unit; variable costs are $270 per unit.Annual fixed costs are $800,000.Current sales volume is $4,200,000.
-Compute the contribution margin ratio.
A) 40.0%.
B) 66.7%.
C) 20.7%.
D) 50.0%.
E) 19.3%.
Correct Answer:
Verified
Correct Answer:
Verified
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