Question
Dalida Corp. sells a single product at a price of $80/unit. The variable cost/unit is $50 and the company incurs total fixed costs of $180,000.
Dalida Corp. sells a single product at a price of $80/unit. The variable cost/unit is $50 and the company incurs total fixed costs of $180,000.
What is the contribution margin ratio of the product?
a. 0.500
b. 0.375
c. 0.625
d. 0.475
e. 0.275
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
