Question

marie's magic shoppe provides the following information about its single product targeted opertating income selling price per unit variable costs per unit total fixed costs what is the contribution margin ratio

Answer 1

44 %

Step-by-step explanation:

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Contribution margin ratio = Contribution / Sales x 100

where

Contribution = Sales - Variable Costs

= $21.58 - $12.00

= $9.58

therefore,

Contribution margin ratio = $9.58 / $21.58 x 100

= 44.39 %