20 Liquidity and efficiency is the ability to generate unrealistic market expectations. True False QUESTION 21 A company sells headphones for $60 per unit and has variable costs per unit of $45. The contribution margin ratio for headphones is 25%. True False QUESTION 22 Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,680 units in January, 2,600 units in February and 2,740 units in March. Each unit requires 0.6 hours of direct labor. The direct labor rate is $12 per hour. Compute the budgeted direct labor cost for the first quarter budget. $96,240. $93,600. $48,120. $56,160. $57,744