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bernie2981 bernie2981
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9 years ago
The Halpert Group produces a single product selling for $70 per unit. Variable costs are $7 per unit and total fixed costs are $5,000. What is the contribution margin ratio?
A) 63%
B) 111%
C) 10%
D) 90%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
9 years ago
Answers my question perfectly.
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