Using information from question 1, what is the company's contribution margin ratio? Data from Question 1 A

Question:

Using information from question 1, what is the company's contribution margin ratio?

Data from Question 1

A company's only product sells for \(\$ 150\) per unit. Its variable costs per unit are \(\$ 100\), and its fixed costs total \(\$ 75,000\). What is its contribution margin per unit?

a. \(66 \frac{2}{3} \%\)

b. \(100 \%\)

c. \(50 \%\)

d. \(0 \%\)

e. \(33^{\frac{1}{3}} \%\)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: