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Knox Corp has a selling price of $11, variable costs of $9.24 per unit, and fixed costs of $28,500. If Knox sells 8,000 units, the

Knox Corp has a selling price of $11, variable costs of $9.24 per unit, and fixed costs of $28,500. If Knox sells 8,000 units, the contribution margin ratio will equal 4 Multiple Choice 11.15% 4.95% 140.80% 16.00%

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