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Compute the contribution margin ratio

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Reference no: EM133047026

Question - The following data applies:

Sales $700,000

Sales units 35,000

Variable manufacturing costs $200,000

Fixed manufacturing costs $180,000

Variable administration costs $50,000

Fixed administration costs $20,000

Required - Compute the contribution margin ratio?

a. 0.9286

b. 1.5556

c. 0.7143

d. 0.6429

Reference no: EM133047026

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