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The Minccino Companys most recent contribution format income statements show sales volume of 20,000 units, total sales of 300,000; variable expenses of 180,000; and fixed
The Minccino Companys most recent contribution format income statements show sales volume of 20,000 units, total sales of 300,000; variable expenses of 180,000; and fixed expenses of 70,000.
The firm pursued a strategy that reduced the unit selling price by 1.50 resulting in an increased number of units sold by 25%.
The CONTRIBUTION MARGIN RATIO would (increase/decrease) to ___________%.
Note: Use 2 decimal places; indicate in your solution sheet if the ratio would INCREASE or DECREASE.
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