Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000.
- Compute the contribution margin ratio.
A) 40.0%.
B) 50.0%.
C) 19.3%.
D) 20.7%.
E) 66.7%.
Correct Answer:
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