Question
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 what CMR means?
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
