Bombay Co. sells handmade rugs. Its variable cost per rug is ($30,) and each rug sells for

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Bombay Co. sells handmade rugs. Its variable cost per rug is $$30,$ and each rug sells for $$50.$ What are Bombay’s contribution margin per unit and contribution margin ratio?

a. $$20$ and 40 percent.

b. $$30$ and 60 percent.

c. $$20$ and 60 percent.

d. $$30$ and 40 percent.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 14, 2024 09:02 AM

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Bombay Co. sells handmade rugs. Its variable cost per rug is ($30,) and each rug sells for

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Managerial Accounting

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