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