ny has provided the following inform r unit $56 per 12 er $14 00n
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Guava Company has provided the following information:
Sales price per unit
$56
Variable cost per
unit
12
Fixed costs per
month
$16,000
Calculate the contribution margin ratio. (Round your answer to two
decimal places.)
O 21.43%
O 64.71%
O 82.35%
78.57%
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