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Spring Company has provided the following data: Sales per period Selling price 6,000 units $80 per unit Variable manufacturing cost $15 per unit Selling expenses $5,000 plus 5% of the selling price Administrative expenses $4,000 plus 10% of the selling price The contribution margin ratio is: a. 66.25% b. 25% c. 60% d. 70%

Spring Company has provided the following data: Sales per period Selling price 6,000 units $80 per unit Variable manufacturing cost $15 per unit Selling expenses $5,000 plus 5% of the selling price Administrative expenses $4,000 plus 10% of the selling price The contribution margin ratio is: a. 66.25% b. 25% c. 60% d. 70%

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Spring Company has provided the following data: Sales per period Selling price 6,000 units $80 per unit Variable manufacturing cost $15 per unit Selling expenses $5,000 plus 5% of the selling price Administrative expenses $4,000 plus 10% of the selling price The contribution margin ratio is: a. 66.25% b. 25% c. 60% d. 70%
Transcribed Image Text:Spring Company has provided the following data: Sales per period Selling price 6,000 units $80 per unit Variable manufacturing cost $15 per unit Selling expenses $5,000 plus 5% of the selling price Administrative expenses $4,000 plus 10% of the selling price The contribution margin ratio is: a. 66.25% b. 25% c. 60% d. 70%
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