Margin ratio and the unit contribution margin

Reference no: EM13150709

Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:

a) 47% and $7 per unit

b) 53% and $7 per unit

c) 47% and $8 per unit

d) 53% and $8 per unit

Reference no: EM13150709

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