Question: The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units?

The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units? The selling price is $5 per unit. O a. 137,500 b. None of the given answers OC 137,500 d. 254,000 e. 116,500

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