Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N OUnit sales price$7 $4 $6Unit variable costs 3 2 3Total fixed costs are $340,000. The contribution margin per composite unit for the current sales mix (round to the nearest cent) is:
A. $17.00.
B. $ 5.67.
C. $25.00.
D. $37.00.
E. $20.00.
Answer: E
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