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Emory gathered the following information from her recent wedding event that she had managed:

Flat fee per guest: $200

Variable cost per guest: 50% of the fee

A total of 250 guests attended the wedding.

The sales amounted to $50,000.

Variable cost: $25,000 Net income: $3,000

Calculate the contribution margin ratio.
Calculate the fixed expenses. Sales = $50,00 Variable Cost = $25,000

Posted Date: May 18, 2024 07:05 PM

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