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On Fire Company a producer of salsa has the following information  Income tax rate 30 Selling price per unit   800  Variable cost per unit

On Fire Company, a producer of salsa, has the following information: 

Income tax rate                                  30%
Selling price per unit                         $8.00 
Variable cost per unit                        $3.00 
Total fixed costs                                $90,000.00 

The contribution-margin ratio is _____.
a. 30%
b. 40%
c. 60%
d. 100% 

Jun 10 2021 View more View Less

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