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What is the contribution margin ratio

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Reference no: EM133091073

Question - Below is the selling and cost information concerning a product:

Selling price per unit $100.00 Cost per unit

Direct material 20.00

Direct labour 30.00

Variable overhead 15.00

Fixed overhead 5.00

Commission 10% of sales

Required - What is the contribution margin ratio?

Reference no: EM133091073

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