[The Following Information Applies to the Questions Displayed Below

question 119

Multiple Choice

[The following information applies to the questions displayed below.]
Mitchell Corporation manufactures a single product.The selling price is $85 per unit,and variable costs amount to $68 per unit.The fixed costs are $16,500 per month.
-What is the contribution margin ratio of Mitchell 's product?

• A)65%
• B)80%
• C)72%
• D)20%

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