Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash...
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Accounting
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
25%
35%
65%
75%
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