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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.
Textbook 

Managerial Accounting


Edition: 4th
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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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