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inkster inkster
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Assume a selling price of $20 per unit, variable cost per unit of $12, and total fixed cost of $500. If 200 units are sold, calculate the contribution margin ratio.
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Managerial Accounting

Managerial Accounting


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clarkh7839clarkh7839
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More solutions for this book are available here
Sales (200 × $20)$4,000
Variable costs (200 × $12) 2,400
Contribution margin$1,600

Contribution margin ratio = $1,600 ÷ $4,000 = 40%
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