Question: E operates a managrial costing system. For the forth coming year, variable cost are budgeted to be 6 0 % of sales value and fixed

E operates a managrial costing system. For the forth coming year, variable cost are budgeted to be 60% of sales value and fixed cost are budgeted to be 10% of the sales value.
If E were to increase selling price by 10% and all other cost and production and sales volume were to remain the same what would be the effect on E's contribution.

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