Fulton Industries produces medical-grade computers for healthcare providers. Each computer sells for $2,850 each, and...
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Accounting
Fulton Industries produces medical-grade computers for healthcare providers. Each computer sells for $2,850 each, and costs $1,066 in variable costs to make. Last month, fixed costs of $944 per unit were incurred, and 395 computers were sold. What is the contribution margin ratio?
11.44%
62.60%
37.40%
29.47%
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