If the contribution margin per unit is $15 and selling price per unit is $20, the contribution margin ratio is:Group of answer choices133%.75%.60%.80%.

The contribution margin ratio can be calculated as:Group of answer choicestotal contribution margin divided by total sales.contribution margin per unit multiplied by selling price per unit.all of the options are correct.total sales divided by total contribution margin.

If selling price is $20 per unit and variable costs are $14 per unit, the contribution margin is:Group of answer choices$1.43 per unit.$280.$6 per unit.$34 per unit.

What is the Contribution Margin Ratio (in percentage) if the selling price is $28? Do not enter any sign or symbol, only enter two (2) decimal places numbers, such as 123.56.

A product has a sales price of $234 and a per-unit variable cost of $64.What is the contribution margin ratio?  Please answer to 2 decimal places

The contribution margin ratio:Multiple ChoiceIs the percent of each sales dollar that remains after deducting the unit variable cost.Is the percent of each sales dollar that remains after deducting the unit fixed cost.Is the percent of each sales dollar that remains to cover the variable and fixed costs.Cannot be used in conjunction with other analytical tools.Is the same as the contribution margin per unit.