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1. Sales are $500,000 and variable costs are $300,000. What is the contribution margin ratio? a. 67% b. 40% c. 60% d. Cannot be determined.

1. Sales are $500,000 and variable costs are $300,000. What is the contribution margin ratio?

a. 67%

b. 40%

c. 60%

d. Cannot be determined.

2. At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit?

a. $43.50

b. $11.50

c. $16.00

d. $27.50

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