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Compute the contribution margin ratio

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Question - Flannigan Company manufactures and sells a single product that sells for $300 per unit; variable costs are $174. Annual fixed costs are $852,600. Current sales volume is $4,230,000. Compute the contribution margin ratio.

a. 42.0%.

b. 72.4%.

c. 21.6%.

d. 50.0%.

e. 20.4%.

Reference no: EM132532188

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