Management is considering adding a new product that will require an additional $20,000 per month...
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Accounting
Management is considering adding a new product that will require an additional $20,000 per month of fixed expenses and will have variable expenses of $5 per unit.
Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 20%
a. 25
b. 6.25
c. 4.17
d. 5
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