If Intervale Railways fixed costs total $90,000 per month, the variable cost per passenger is $45, and

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If Intervale Railway’s fixed costs total $90,000 per month, the variable cost per passenger is $45, and tickets sell for $75, what is the contribution margin per unit and contribution margin ratio?

a. $45 per passenger; 60%

b. $30 per passenger; 60%

c. $30 per passenger; 40%

d. $45 per passenger; 40%

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Horngrens Accounting The Managerial Chapters

ISBN: 9781292105871

11th Global Edition

Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Feb 21, 2024 04:01 AM

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If Intervale Railways fixed costs total $90,000 per month, the variable cost per passenger is $45, and

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Horngrens Accounting The Managerial Chapters

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