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1. Ace Company sells lawn mowers for $200 per unit. Variable cost per unit is $40, and fixed costs total $4,000. Last month, Ace sold

1. Ace Company sells lawn mowers for $200 per unit. Variable cost per unit is $40, and fixed costs total $4,000. Last month, Ace sold 760 lawn mowers. a. Calculate the contribution margin for last month. (5.3) b. Calculate the contribution margin per unit. (6.1) c. Calculate the contribution margin ratio. (6.1)

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