Summersville Production Company Had the Following Projected Information for the Current

question 98

Multiple Choice

Summersville Production Company had the following projected information for the current year: $$\begin{array} { l l r } \text { Selling price per unit } & \$ 150 \\\text { Variable cost per unit } & \$ 90 \\\text { Total fixed costs } & \$ 300,000\end{array}$$
What is the contribution margin ratio?

• A)0.400
• B)1.667
• C)2.500
• D)0.600

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