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Gainesville Company Has Provided the Following Information Calculate the Contribution Margin Ratio

question 49

Multiple Choice

Gainesville Company has provided the following information:  Sales price per unit $56 Variable cost per unit 12 Fixed costs per month $12,000\begin{array} { | l | r | } \hline \text { Sales price per unit } & \$ 56 \\\hline \text { Variable cost per unit } & 12 \\\hline \text { Fixed costs per month } & \$ 12,000 \\\hline\end{array} Calculate the contribution margin ratio.(Round your answer to two decimal places. )


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