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LiChan LiChan
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7 years ago
The following data is provided for Choice, Inc.
   Sales price per unit   $ 102.00
   Variable cost per unit   56.10
   Total fixed costs   $596,700
   Desired profit   $ 91,800
What is Choice's contribution margin ratio?
A) 55.0%.
B) 13.0%.
C) 45.0%.
D) 45.9%.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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mourningbirdmourningbird
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7 years ago
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LiChan Author
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#2
7 years ago
Was looking for this exact answer, thanks
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#3
7 years ago
Happy to help, please mark as solved
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