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7 years ago
The Perfect Fit Company sells hand sewn shirts at $58.00 per shirt. It incurs monthly fixed costs of $8,000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.)
A) $58.00 per shirt
B) $17.40 per shirt
C) $75.40 per shirt
D) $40.60 per shirt
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
Will mark this subject solved, thanks
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