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A manufacturer has the following budgeted data of his Dubai business: Projected profit, AED 110,000, selling price per unit, AED 8, variable cost, AED 2

A manufacturer has the following budgeted data of his Dubai business: Projected profit, AED 110,000, selling price per unit, AED 8, variable cost, AED 2 per unit and fixed costs, AED 80,000.

Required:

1. Determine the contribution margin amount.

2. Determine variable cost ratio.

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