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Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and...

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Question

Accounting

Jana's Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Jana expects to produce 60,000 units and sell 80,000 units at a price of $20 per unit. What is the Contribution Margin Ratio?

Group of answer choices

0.60

0.12

0.30

None of the above

Answer & Explanation Solved by verified expert
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\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{14}{|c|}{ Ray Company } \\ \hline \multicolumn{14}{|c|}{ Production Department Flexible Budget Performance Report...