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Sheridan Company produces flash drives for computers, which it sells for $ 1 2 each. Each flash drive costs $ 9 of variable costs to

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Sheridan Company produces flash drives for computers, which it sells for $12 each. Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the contribution margin ratio?
8%
45%
25%
92%
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