Sheridan Company produces tinted SPF 100 moisturizer that it sells for $150 each. Each bootle costs $15 of variable costs to make. During the most recent quarter, 1500 bottles of moisturizer were manufactured and sold. Fixed costs for the quarter were $20 per unit for a total of $30000. What is the company's contribution margin ratio?

Answer rating: 100% (QA)

The contribution margin ratio is calculated as the contributio... View the full answer