Question: XYZ Inc. sells a single product for $30 per unit. Variable production costs are $12 per unit. Fixed overhead costs amount $10,000 per month. Variable

XYZ Inc. sells a single product for $30 per unit. Variable production costs are $12 per unit. Fixed overhead costs amount $10,000 per month. Variable selling costs are $3 per unit. Fixed selling costs are $5,000 per month. Last month, the company produced 10,000 units and sold 8,000 units. What is ABC's contribution margin ratio?

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