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Happy Feet produces sports socks. The company has fixed expenses of $150,000 and variable expenses of $3.50 per package. Each package sells for $5.00 1.

Happy Feet produces sports socks. The company has fixed expenses of $150,000 and variable expenses of $3.50 per package. Each package sells for $5.00 1. Compute the contribution margin per package and the contribution margin ratio

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