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Nashville Company manufactures nylon arm-band carriers for use with popular portable audio devices. Variable costs are $30 per arm-band carrier, the price is $100, and

Nashville Company manufactures nylon arm-band carriers for use with popular portable audio devices. Variable costs are $30 per arm-band carrier, the price is $100, and fixed costs are $280,000 per month. What is the contribution margin ratio for one arm-band carrier?
A. 1.67 or 167%
B. 0.70 or 70%
C. 0.30 or 30%
D. None of these.
E. 0.60 or 60%

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