What is the contribution ratio

Reference no: EM133542032

Question: Gor Company sells its only product for Php18 per unit. Gor's variable production costs are Php6 per unit, while its selling and administrative costs are Php3 per unit. Finally, the fixed costs to produce 10,000 units were Php10,000. What is the contribution ratio?

Reference no: EM133542032

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