Janet Company Produces a Game That Sells for $17 Per

question 112

Multiple Choice

Janet Company produces a game that sells for $17 per game. Variable expenses are $9 per game and fixed expenses total $172,000 annually.
-The contribution margin ratio is closest to:

• A) 47.1%
• B) 2.1%
• C) 1.9%
• D) 52.9%