Question
Psari's, a company that sells fishingnets, provides the following information about itsproduct: Targeted operating income $50,000 Sales price per unit 10.00 Variable cost per unit
Psari's, a company that sells fishingnets, provides the following information about itsproduct:
Targeted operating income
$50,000
Sales price per unit
10.00
Variable cost per unit
2.50
Total fixed costs
115,000
What is the contribution marginratio? (Round any intermediate calculations and your final answer to two decimalplaces.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
