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Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above

Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above

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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Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above O 1 O 2 O 3 O 4
Transcribed Image Text:Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above O 1 O 2 O 3 O 4
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