A manufacturer reports the following for the month: 12,000 variable manufacturing costs 20,000...
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Accounting
A manufacturer reports the following for the month:
12,000 variable manufacturing costs
20,000 fixed manufacturing costs
18,000 variable selling costs
15,000 fixed selling costs
100,000 total sales
Determine the contribution margin ratio (CMR) for the month.
a.
.45
b.
.67
c.
.68
d.
.70
e.
none of the above
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