Dartmouth Company produces a single product with a price of $13, variable cost per unit of $3, and total fixed cost of $8,800.

The variable cost ratio and the contribution margin ratio for Dartmouth, rounded to the nearest whole number, are

a.23% and 23%, respectively.

b.77% and 23%, respectively.

c.77% and 77%, respectively.

d.23% and 77%, respectively.

e.The contribution margin ratio cannot be determined from the information given.