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At a volume level of 580,000 units, Sullivan reported the following information: ...

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Question

Accounting

At a volume level of 580,000 units, Sullivan reported the following information:

Sales price $ 68
Variable cost per unit 23
Fixed cost per unit 5

The company's contribution-margin ratio is closest to:

Multiple Choice

  • 0.34.

  • 0.45.

  • 0.68.

  • 0.66.

  • None of the answers is correct.

Answer & Explanation Solved by verified expert
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