Question
Kip's Kabobs has Fixed Costs of $80,000 and a contribution margin of $10/unit. In the current period, Kip sells 11,500 units for $100/unit. What is
Kip's Kabobs has Fixed Costs of $80,000 and a contribution margin of $10/unit. In the current period, Kip sells 11,500 units for $100/unit.
What is Kip Kabobs' contribution margin %?
Group of answer choices
10%
90%
80%
20%
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College Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
1st Edition
119-40600-6, 978-1119405962
