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Ego Bags sells custom leather briefcases for $450 per case. It incurs monthly fixed costs of $5,000. The contribution margin ratio is calculated to be

Ego Bags sells custom leather briefcases for $450 per case. It incurs monthly fixed costs of $5,000. The contribution margin ratio is calculated to be 60%. What is the variable cost per case?

$450 per bag

$625 per bag

$265 per case

$180 per case

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