Candy Corp. manufactures peppermints. The selling price and variable cost per pound of peppermints is $2.00 and $1.20 per pound, respectively. For 2010, Candy's fixed costs are $0.05 per unit. What is Candy's variable cost ratio?
A) 37.5%
B) 40.0%
C) 50.0%
D) 60.0%
E) 70.0%
Correct Answer:
Verified
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