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Quality Stores, Inc., sells several products. Information of average revenue and costs is as follows: Selling price per unit $ 21.00$21.00 Variable costs per unit:
Quality Stores, Inc., sells several products. Information of average revenue and costs is as follows:
Selling price per unit | $ 21.00$21.00 | |
Variable costs per unit: | ||
Direct material | $ 5.00$5.00 | |
Direct manufacturing labor | $ 1.90$1.90 | |
Manufacturing overhead | $ 0.40$0.40 | |
Selling costs | $ 3.00$3.00 | |
Annual fixed costs | $ 100 comma 000$100,000 |
What is the contribution margin percentage? (Round your answer to the nearest whole percent.)
A.
5151%
B.
4545%
C.
4141%
D.
6565%
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