Lewis Production Company Had the Following Projected Information What Is the Contribution Margin Ratio?
A)0

question 75

Multiple Choice

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

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

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Definitions:

Sales Call Objective

The purpose or goal that a salesperson aims to achieve during a call to a potential or existing customer, such as making a sale, gathering information, or building a relationship.

Reseller

A company or individual that purchases goods or services with the intention of selling them rather than consuming or using them.

FAB Statement

A FAB Statement highlights the Features, Advantages, and Benefits of a product or service, showcasing how it satisfies customer needs.