21) 6 Saved Required information [The following information applies to the questions displayed below.] Accents Associates sells only one product, with a current selling price of $160 per unit. Variable costs are 20% of this selling price, and fixed costs are $40,000 per month. Management has decided to reduce the selling price to $155 per unit in an effort to increase sales. Assume that the cost of the product and fixed operating expenses are not changed by this reduction in selling price t the current selling price of $160 per unit, the contribution margin ratio is Multiple Choice 20% 32% 80%