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Micto, Inc. sells two models of their product in Tunisia, the Low-End model and the High-End model. They have supplied the following data: Low-End High-End
Micto, Inc. sells two models of their product in Tunisia, the Low-End model and the High-End model. They have supplied the following data:
Low-End | High-End | |
Selling Price | $ 50 | $ 91 |
Expected Unit Sales per month | 2,100 | 12,000 |
Variable Production costs per unit | $ 15 | $ 21 |
Variable selling and administrative costs per unit | $ 8 | $ 9 |
Fixed Expenses are $63,307 per month.
Micto's overall contribution margin ratio for the expected sales mix is to closest to:
Select one:
A.65.89%
B.60.52%
C.34.11%
D.55.23%
E.60.60%
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