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Carrabelle Company Has Provided the Following Information Calculate the Contribution Margin Ratio

Question 286

Multiple Choice

Carrabelle Company has provided the following information:  Sales price per unit $56 Variable cost per unit 12 Fixed costs per month $12,000\begin{array} { | l | r | } \hline \text { Sales price per unit } & \$ 56 \\\hline \text { Variable cost per unit } & 12 \\\hline \text { Fixed costs per month } & \$ 12,000 \\\hline\end{array} Calculate the contribution margin ratio.(Round your answer to two decimal places.)


A) 21.43%
B) 82.35%
C) 64.71%
D) 78.57%

Correct Answer:

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