If the Unit Sales Price Is $12,variable Costs Are $6

question 75

Multiple Choice

If the unit sales price is $12,variable costs are $6 per unit and fixed costs are $26,000 what is the contribution margin ratio per unit?

• A)40%
• B)50%
• C)60%
• D)70%

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Definitions:

Cultural Assimilation

The process by which individuals or groups of differing cultures come to adopt the cultural norms of another, dominant culture, often leading to the loss of distinctive cultural identities.

Socioeconomic Ladder

A conceptual metaphor describing the hierarchical structure of social and economic status, where individuals or groups are ranked based on income, education, and occupation.

Cultural Legacy

Refers to the elements, values, beliefs, and practices that are passed down through generations within a community or society.

Business Acumen

The keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome.