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140. Suppose Kathy Lentz Company sells hand tatted lace for $25 per yard. Her materials cost $4 per yard and labor costs her $10
140. Suppose Kathy Lentz Company sells hand tatted lace for $25 per yard. Her materials cost $4 per yard and labor costs her $10 per yard. She also estimates her fixed cost to be $50 per month. If she sells 2,000 yards of lace during the month, what is her contribution margin ratio?
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Financial Accounting Fundamentals
Authors: John Wild
3rd edition
978-0073527048, 0073527041, 978-0077544652
