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Problem 8 - Contribution Margin and Profit Keebee, Inc. sold 1,000 units of product for $200 each in January and incurred total variable costs of
Problem 8 - Contribution Margin and Profit Keebee, Inc. sold 1,000 units of product for $200 each in January and incurred total variable costs of $80,000 and total fixed cost of $50,000. Compute the following: 1. Total contribution margin 2. Contribution margin per unit 3. Contribution margin ratio 4. Net profit
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