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QUESTION 11 The difference between the sale price and the variable cost is know as contribution. Assume that the variable cost per unit is
QUESTION 11 The difference between the sale price and the variable cost is know as contribution. Assume that the variable cost per unit is $212. If the volume sold was 20,000 and the contribution percentage was 50%, then what was the sale price (NOTE: In Mikes Bikes, this whould be the wholesale price, not the final retail price) a. $106 b. $424 c. $159 Od. $318 O e. $212 QUESTION 12 1 poin 1 points
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
