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q3-2 Kelly's Karts, LLC reported the following data: Sales quantity 1,000 units; total sales $90,000; total variable costs $54,000; Fixed costs $28,000. Construct a Contribution
q3-2
Kelly's Karts, LLC reported the following data: Sales quantity 1,000 units; total sales $90,000; total variable costs $54,000; Fixed costs $28,000. Construct a Contribution Margin Income Statement and calculate the missing per unit amounts. What is the contribution margin ratio? 36% 54% 100% 40% Step by Step Solution
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