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Set up a monthly cost equation

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Bikes Manufacturing produces and sells children's bikes at an average price of $120. Its costs are as follows: direct materials. $12; direct labour. $8; variable overhead. $4; sales commission. 5% of price. Its ?xed monthly costs are $47,000.

Required:

Problem 1. Using the above cost data, set up a monthly cost equation.

Problem 2. What is the company's contribution margin percentage?

Reference no: EM132687928

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