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Broncho Lids Corporation manufactures a western-style hat that sells for $10 per unit. This is its sole product and it has projected the break-even point

Broncho Lids Corporation manufactures a western-style hat that sells for $10 per unit. This is its sole product and it has projected the break-even point at 50,000 units in the coming period. If fixed costs are projected at 100,000, what is the projected contribution margin ratio?

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