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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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