Cherry Wood Company sells desks at $480 per desk.The variable costs are $372 per desk.Total fixed costs for the period are $456,840.The contribution margin ratio is ________.
A)22.5%
B)29.0%
C)40.6%
D)77.5%

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The Answer of Cherry Wood Company sells desks at $480 per desk.The variable costs are $372 per desk.Total fixed costs for the period are $456,840.The contribution margin ratio is ________.
A)22.5%
B)29.0%
C)40.6%
D)77.5%

Cherry Wood Company Sells Desks at $480 Per Desk