Knowledge Check 01 Cartier Corporation currently selis its products for $50 per unit. The company's variable costs are $20 per unit. Fixed expenses amount to a total of $5,000 per month. What is the company's contribution margin ratio? \begin{tabular}{|} \hline 40% \\ 60% \\ 100% \\ 20% \\ \hline \end{tabular} Knowledge Check 02 Cartier Corporation currently sells its products for $50 per unit. The company's variable costs are $20 per unit. Fived expenses amount to a total of $5,000 per month. What is the company's variable cost ratio? \begin{tabular}{|l} \hline 40% \\ 60% \\ 100% \\ \hline 20% \\ \hline \end{tabular}