Please help A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio?A) 20%B) 30%C) 40%D) 60%

Step 1: Find the contribution margin per unit.= selling price - variable costs= $50 - $30= $20 Step…

Answered: A product sells for $50 per unit, and…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3EA: A product has a sales price of $150 and a per-unit contribution margin of $50. What is the...

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A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio? A) 20% B) 30% C) 40% D) 60%