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Assume your estimate of the variable cost per unit of a product is $12.00 and your estimate of the fixed overhead cost per month is

Assume your estimate of the variable cost per unit of a product is $12.00 and your estimate of the fixed overhead cost per month is $7,200. Let the sales price per unit of the product equal $15.00. What is the contribution margin ratio per unit? Round your answer to three decimal places.

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