A company produces and sells a single product. The company sells 4,000 units for $20 per unit,
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A company produces and sells a single product. The company sells 4,000 units for $20 per unit, resulting in $80,000 of total revenue. The company incurs $32,000 of variable costs and $12,000 of fixed costs. Calculate the company's contribution margin ratio and its net income.
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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