What is meant by a products contribution margin ratio? How is this ratio useful in planning business
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What is meant by a product’s contribution margin ratio? How is this ratio useful in planning business operations?
Contribution MarginContribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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The contribution margin CM ratio is the ratio of th...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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