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Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $700 and has a unit contribution margin of $205;
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $700 and has a unit contribution margin of $205; the Adult model sells for $1,050 and has a unit contribution margin of $550; and the Recreational model sells for $1,600 and has a unit contribution margin of $600. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,700,000, calculate the firm's contribution margin ratio per composite unit (rounded to the nearest whole percentage). 29 Multiple Choice 29% 42% 52% 236% 6 < Prev 12 of 40 Next >
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