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Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Jana expects to produce 60,000 units and sell 80,000 units at a price of $20 per unit. What is the Contribution Margin Ratio?

Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Jana expects to produce 60,000 units and sell 80,000 units at a price of $20 per unit. What is the Contribution Margin Ratio?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Jana expects to prodqce 60,000 units and sell 80,000 units at a price of $20 per unit. What is the Contribution Margin Ratio? O0.60 O 0.12 D0.30 None of the above 4p
Transcribed Image Text:Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Jana expects to prodqce 60,000 units and sell 80,000 units at a price of $20 per unit. What is the Contribution Margin Ratio? O0.60 O 0.12 D0.30 None of the above 4p
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