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Determine the contribution margin ratio

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Question - A manufacturer reports the following for the month:

12,000 variable manufacturing costs

20,000 fixed manufacturing costs

18,000 variable selling costs

15,000 fixed selling costs

100,000 total sales

Required - Determine the contribution margin ratio (CMR) for the month.

a. .45

b. .67

c. .68

d. .70

e. none of the above

Reference no: EM132916391

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