Crane Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $7 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were...


Crane Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $7 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio?



55%

45%

35%

65%



Jun 03, 2022
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