Leeks Company's Product Has a Contribution Margin Per Unit of $11.25

question 157

Multiple Choice

Leeks Company's product has a contribution margin per unit of $11.25 and a contribution margin ratio of 22.5%.What is the selling price of the product?

• A)$5.
• B)$20.
• C)$30.
• D)$40.
• E)$50.

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Definitions:

Goblet Cells

Specialized epithelial cells that produce and secrete mucus onto mucosal surfaces, such as the respiratory and digestive tracts.

Endocrine Cells

Specialized cells that secrete hormones directly into the blood.

Produce Hormones

The biological process by which glands or organs synthesize and release chemical substances that regulate various body functions.

Ulcerations

The formation of open sores on the skin or mucous membranes, often resulting from inflammation or infection.