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JCO Plc Ltd. sells two models of their product in Germany, the Low-End model and the High-End model. They have supplied the following data: Low-End
JCO Plc Ltd. sells two models of their product in Germany, the Low-End model and the High-End model. They have supplied the following data:
Low-End | High-End | |
Selling Price | $ 42 | $ 98 |
Expected Unit Sales per month | 2,300 | 12,000 |
Variable Production costs per unit | $ 18 | $ 24 |
Variable selling and administrative costs per unit | $ 8 | $ 10 |
Fixed Expenses are $65,472 per month.
JCO's contribution margin ratio for the High-End model is to closest to:
Select one:
A.51.70%
B.65.31%
C.38.10%
D.58.10%
E.46.56%
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