Elegant Affairs, Inc. provides catering services. The company has three segments: Standard, Deluxe, and Premium. The company provides the following data for its three segments for the month of July:
The total fixed costs for the month amount to $2,500.
Requirements:
a) Calculate the contribution margin ratio for each business segment.
b) Compute the service revenue per customer, variable cost per customer, and contribution margin per customer for each business segment.
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