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Paney Company makes calendars. Information on cost per unit is as follows: Direct materials Direct labor Variable overhead Variable marketing expense $1.50 1.20 0.90 0.40
Paney Company makes calendars. Information on cost per unit is as follows: Direct materials Direct labor Variable overhead Variable marketing expense $1.50 1.20 0.90 0.40 Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per calendar is $10. What is the contribution margin ratio? a. 36% b. 40% c. 60% d. 50% e. 44%
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