Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $420 and has a unit contribution margin of $135; the Adult model sells for $910 and has a unit contribution margin of $480; and the Recreational model sells for $1,180 and has a unit contribution margin of $530. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,560,000, calculate the firm's contribution margin ratio per composite unit (rounded to the nearest whole percentage).

Multiple Choice

• 32%

• 47%

• 53%

• 212%

• 41%