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Knox Corp has a selling price of $22, variable costs of $16.06 per unit, and fixed costs of $27,000. If Knox sells 12,000 units, the

Knox Corp has a selling price of $22, variable costs of $16.06 per unit, and fixed costs of $27,000. If Knox sells 12,000 units, the contribution margin ratio will equal Multiple Choice 27.00% 1572% 712.80% 11.28%

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