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?

Answer rating: 100% (QA)

Business Model Sales price per unit60 Variable production costs per unit14 Variable selling and ... View the full answer