Peeler's Smoothie Company Has Provided the Following Information Calculate the Contribution Margin Ratio

question 188

Multiple Choice

Peeler's Smoothie Company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales price per unit } & \$ 6.50 \\\hline \text { Variable cost per unit } & \$ 2.00 \\\hline \text { Fixed costs per month } & \$ 1500 \\\hline\end{array}$$ Calculate the contribution margin ratio. (Round your answer to two decimal places.)

• A) 225%
• B) 20%
• C) 30.77%
• D) 69.23%

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Definitions:

Bulbar Conjunctiva

The part of the conjunctiva, a clear membrane covering the white part of the eye, that overlays the eyeball, up to the edge of the cornea.

Meibomian Glands

Specialized oil glands located along the rim of the eyelids, responsible for the supply of meibum, an oily substance that prevents evaporation of the eye's tear film.

Corneal Abscess

An inflammatory or infective consolidation of the cornea, usually due to bacterial or fungal infection, leading to pain and visual impairment.

Palpebrae

The medical term for eyelids, the movable skin covering the eyeball that protects it from injury and aids in the distribution of tear fluid.