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Marie's Magic Shoppe provides the following information about its single product
Marie's Magic Shoppe provides the following information about its single product.
|
Targeted operating income |
$38,000 |
|
Selling price per unit |
$25.00 |
|
Variable cost per unit |
$12.00 |
|
Total fixed cost |
$85,000 |
What is the contribution margin ratio?
A) 192%
B) 52%
C) 13%
D) 48%
Expert Solution
Answer: B
Explanation: B)
Sales $25
Less Variable costs 12
= Contribution Margin 13 divided by $25 = 52%
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