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Dairy Days Ice Cream Sells Ice Cream Cones for $4

Question 190

Multiple Choice

Dairy Days Ice Cream sells ice cream cones for $4 per customer.Variable costs are $3 per cone.Fixed costs are $2,500 per month.What is Dairy Days' contribution margin ratio?


A) 267%
B) 25%
C) 2%
D) 63%

Correct Answer:

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