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3.The Steve Company manufactures a product that is expected to incur $36 per unit in variable production costs and sell for $60 per unit. The

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3.The Steve Company manufactures a product that is expected to incur $36 per unit in variable production costs and sell for $60 per unit. The sales commission is 10% of the sales price. Due to intense competition, Steve actually sold 200 urits for S60 per unit. The actual variable production costs incurred were S3500 per un Calculate the total contribution margin and contribution margin ratio at the expected pricelcosts and the actual price/costs. How might management use this information? Complete the expected contribution margin by entering the appropriate amounts to calculate the total contribution margin and contribution margin ratio. (Enter the contribution margin ratio to two decimal place. X.XX%.) Expected Contribution Margin Net Sales Revenue Variable Costs: Production Costs Sales Commission Contribution Margin Contribution Margin Ratio

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