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LMN Ltd. sells three products, X, Y, and Z, with the following information for the year ended December 31, 2023: Product Units Sold Sales Price
- LMN Ltd. sells three products, X, Y, and Z, with the following information for the year ended December 31, 2023:
Product | Units Sold | Sales Price per Unit ($) | Variable Cost per Unit ($) |
X | 1,500 | 200 | 120 |
Y | 2,000 | 150 | 90 |
Z | 1,200 | 180 | 110 |
- Required:
- Calculate the total sales revenue for LMN Ltd.
- Determine the sales mix percentage.
- Calculate the overall contribution margin ratio.
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
