Figure 4-3. Paney Company makes calendars.Information on cost per unit is as follows:
Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000.The price per calendar is $10.
Refer to Figure 4-3.What is the variable expense ratio?
A) 40%
B) 36%
C) 50%
D) 60%
E) 46%
Correct Answer:
Verified
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