The following information for the past year for the Blaine Corporation has been provided: ...
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Accounting
The following information for the past year for the Blaine Corporation has been provided:
| Fixed costs: | |
| Manufacturing | $ 125 comma 000$125,000 |
| Marketing | 24 comma 00024,000 |
| Administrative | 20 comma 00020,000 |
| Variable costs: | |
| Manufacturing | $ 110 comma 000$110,000 |
| Marketing | 30 comma 00030,000 |
| Administrative | 34 comma 00034,000 |
During the year, the company produced and sold
60 comma 00060,000
units of product at a selling price of
$ 12.40$12.40
per unit. There was no beginning inventory of the product at the beginning of the year.
What is the contribution margin ratio for Blaine Corporation (round to 1 decimal)?
A.
70.470.4 %
B.
53.953.9 %
C.
22.722.7 %
D.
76.676.6 %
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