Using the Contribution Margin Approach, Find the Contribution Margin Ratio

question 118

Multiple Choice

Using the contribution margin approach, find the contribution margin ratio for Consumer Products if the selling price per unit is $12, the variable cost per unit is $3, and the fixed costs are $8,040.

• A) 25%
• B) 50%
• C) 75%
• D) 100%

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Definitions:

Social Cognition

The study of how people process, store, and apply information about other people and social situations.

Abstract Ideas

Concepts that are not tangible or concrete, existing in thought or as an idea without a physical form.

Priming

A phenomenon in psychology where exposure to one stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors.