The Contribution Margin Ratio Is:
A)40

question 69

Multiple Choice

$$\begin{array} { l l } \text { Selling price per unit } & \$ 100 \\\text { Variable expenses per unit } & \$ 40 \\\text { Fixed expenses per month } & \$ 60,000\end{array}$$ The contribution margin ratio is:

• A)40%.
• B)60%.
• C)62.5%.
• D)70%.

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Definitions:

Sample Size

The number of observations or data points collected in a sample, crucial for determining the representativeness and accuracy of the sample.

Margin of Error

Indicates the confidence in the precision of a survey or poll result, quantifying potential deviation from the true population value.

Standard Deviation

An indicator of the range or distribution of a data set, showing the degree to which the values diverge from the average.

ACT Test Takers

Individuals who participate in taking the ACT, a standardized test used for college admissions in the United States.