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Your local restaurant has annual fixed costs of $24,000. If the average meal price is $15 and the average unit variable cost $9. Required: Calculate
Your local restaurant has annual fixed costs of $24,000. If the average meal price is $15 and the average unit variable cost $9.
Required:
- Calculate the contribution margin ratio (CMR) and
- explain whatCMRmeans?
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
