Good Time Clothing has sales of $25 million and variable costs of $10 million. Its output...

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Good Time Clothing has sales of $25 million and variable costs of $10 million. Its output is 1 million pairs of shorts. Its fixed costs are equal to $5 million. Using above information, complete the below statements, filling in your final, complete answer in the space/box provided to the right of the statement. A BI T: Ff a.) The price of each pair of shorts is equal to b.) The per-unit variable cost of each pair of shorts is equal to c.) Good Time Clothing's contribution margin is equal to d.) Good Time Clothing's contribution margin per pair of shorts is equal to e.) Good Time Clothing's contribution margin percent is equal to Good Time Clothing has sales of $25 million and variable costs of $10 million. Its output is 1 million pairs of shorts. Its fixed costs are equal to $5 million. Using above information, complete the below statements, filling in your final, complete answer in the space/box provided to the right of the statement. A BI T: Ff a.) The price of each pair of shorts is equal to b.) The per-unit variable cost of each pair of shorts is equal to c.) Good Time Clothing's contribution margin is equal to d.) Good Time Clothing's contribution margin per pair of shorts is equal to e.) Good Time Clothing's contribution margin percent is equal to

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a The price of each pair of shorts is equal to 25 b The perunit variable cos... View the full answer