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kieraahern kieraahern
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5 years ago
Johar Company provides the following information about its product:

Targeted operating income$65,000
Selling price per unit12.00
Variable cost per unit1.80
Total fixed costs130,000

What is the contribution margin ratio?
A) 85%
B) 100%
C) 118%
D) 15%
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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jcarterjcarter
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#1
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5 years ago
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kieraahern Author
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#2
5 years ago
Smart ... Thanks!
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