Mark Corporation produces two models of calculators The Business model sells for $60, and the Math model sells for $40 The variable expenses are given below Business Model Math Model Variable production costs per unit $14 $15 Variable selling and administrative expenses per unit $4 $1 The fixed expenses are $66,000 per month The expected monthly sales of each model are Business, 1,300 units Math, 800 units Calculate the contribution margin ratio for the Business model

Question: Mark Corporation produces two models of calculators. The Business model sells for $60, and the Math model sells for $40. The variable expenses are given

Mark Corporation produces two models of calculators. The Business model sells for $60, and the Math model sells for $40. The variable expenses are given below:

	Business Model	Math Model
Variable production costs per unit	$14	$15
Variable selling and administrative expenses per unit	$4	$1

The fixed expenses are $66,000 per month. The expected monthly sales of each model are:

Business, 1,300 units; Math, 800 units. Calculate the contribution margin ratio for the Business model?

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