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A shoe maker is designing a new line of shoes called the rebirth. The shoes will sell at a selling price of AED 25 per
A shoe maker is designing a new line of shoes called the rebirth. The shoes will sell at a selling price of AED 25 per pair and the variable costs to make the shoes will amount to AED 15 per pair. The Fixed costs are estimated at AED 120,000.
1. What is the companys contribution margin per pair of shoes?
2. What is the contribution margin ratio?
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