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The Button-Down Custom Co. sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin ratio is calculated to

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The Button-Down Custom Co. sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? $28.00 per shirt $52.00 per shirt $40 per shirt $70.00 per shirt

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