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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Related Book For
Managerial Accounting
ISBN: 9780078110771
1st Edition
Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips
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