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Summersville Production Company had the following projected information for the current year: Selling price per unit $150 Variable cost per unit $90 Total fixed costs

Summersville Production Company had the following projected information for the current year:

Selling price per unit	$150
Variable cost per unit	$90
Total fixed costs	$300,000

What is the contribution margin ratio?

a.0.600

b.0.400

c.1.667

d.2.500

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