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Question - Dollmaker manufactures dolls. The sales price of a doll is $15, and the variable cost is $7 per doll. What is the contribution margin ratio?
a. 37.5%
b. 40.0%
c. 53.3%
d. 60.0%
Production was 40 units per year in 2018-2020. Sales were 40 units in 2018, 36 units in 2019, and 44 units in 2020. Income under variable costing for 2019 is
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