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At a volume level of 580,000 units, Sullivan reported the following information: Sales price $ 68 Variable cost per unit 23 Fixed cost per unit
At a volume level of 580,000 units, Sullivan reported the following information:
Sales price | $ | 68 | |
Variable cost per unit | 23 | ||
Fixed cost per unit | 5 | ||
The company's contribution-margin ratio is closest to:
Multiple Choice
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0.34.
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0.45.
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0.68.
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0.66.
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None of the answers is correct.
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