Gainesville Company has provided the following information: $$\begin{array} { | l | r | }
\hline \text { Sales price per unit } & \$ 56 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 12,000 \
\hline
\end{array}$$ Calculate the contribution margin ratio.(Round your answer to two decimal places. )

Question

Gainesville Company has provided the following information: $$\begin{array} { | l | r | } 
\hline \text { Sales price per unit } & \$ 56 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 12,000 \
\hline
\end{array}$$ Calculate the contribution margin ratio.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

The Answer of Gainesville Company has provided the following information: $$\begin{array} { | l | r | } 
\hline \text { Sales price per unit } & \$ 56 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 12,000 \
\hline
\end{array}$$ Calculate the contribution margin ratio.(Round your answer to two decimal places. )

Gainesville Company Has Provided the Following Information Calculate the Contribution Margin Ratio