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Knox Corp. has a selling price of $20, variable costs of $14 per unit, and fixed costs of $25,000. If Knox sells 12,000 units,

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Knox Corp. has a selling price of $20, variable costs of $14 per unit, and fixed costs of $25,000. If Knox sells 12,000 units, the contribution margin ratio will equal: $60,000 30% O 70% 10.4%

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