Question
Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales
Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the contribution margin ratio.
A. 40.0%
B. 66.7%
C. 20.7%
D. 50.0%
E. 19.3%
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Business Law
Authors: Henry Cheeseman
10th Edition
0134728785, 978-0134728780
