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Assume the following information: Amount Selling price $ 30 Variable expense per unit $ 10 Fixed expenses $ 8,000 per month Unit sales 1,200 per
Assume the following information:
| Amount | ||||
| Selling price | $ | 30 | ||
| Variable expense per unit | $ | 10 | ||
| Fixed expenses | $ | 8,000 | per month | |
| Unit sales | 1,200 | per month | ||
The contribution margin ratio is closest to:
Multiple Choice
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67%.
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33%.
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22%.
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150%.
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