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Ricaro seating company. A manufacturer of chairs had the following data for 2017. Sales 2400 units Sales price $40 per unit Variable cost $15 per

Ricaro seating company. A manufacturer of chairs had the following data for 2017.

Sales 2400 units

Sales price $40 per unit

Variable cost $15 per unit

Fixed cost: Fixed Manufacturing $9 000 and Variable Manufacturing $3000, Selling and Administrative $7 500

1. what is the contribution margin ratio

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