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Compute the contribution margin ratio

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Question - Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $342 per unit. Annual fixed costs are $924,500. Current sales volume is $4,350,000. Compute the contribution margin ratio.

a. 43.0%.

b. 75.4%.

c. 21.5%.

d. 50.0%.

e. 21.5%

Reference no: EM132617305

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