Quality Stores,Inc What Is the Contribution Margin Percentage? (Round Your Answer to Is

Quality Stores,Inc. ,sells several products.Information of average revenue and costs is as follows:
$\begin{array}{ll}\text { Selling price per unit } & \$ 20 \\\text { Variable costs per unit: } & \\\text { Direct material } & \$ 4 \\\text { Direct manufacturing labor } & \$ 1.80 \\\text { Manufacturing overhead } & \$ 0.4 \\\text { Selling costs } & \$ 3 \\\text { Annual fixed costs } & \$ 96,000\end{array}$
What is the contribution margin percentage? (Round your answer to the nearest whole percent. )

A) 54%
B) 69%
C) 43%
D) 47%

Correct Answer:

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