Homework Answers
Answer
- Requirement asks for Contribution margin ratio for WINE DIVISION.
- WINE DIVISION:
>Contribution margin = $ 24 – 8.40 = $ 15.60
>Contribution margin ratio = ($15.60 / $ 24) x 100 = 65% - Correct Answer = 65%
- Please make sure the options given belong to the question asked, because correct answer 65% matches NONE OF THE OPTION.
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