Lezoli Enterprises sells handmade clocks. Its variable cost per clock is ($6,) and each clock sells for
Question:
Lezoli Enterprises sells handmade clocks. Its variable cost per clock is \($6,\) and each clock sells for \($15.\) Calculate Lezoli’s contribution margin per unit and contribution margin ratio. Suppose Lezoli sells 2,000 clocks this year. Calculate the total contribution margin.
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