O'Reilly Incorporated makes and sells many consumer products. The firm's average contribution margin ratio is...
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O'Reilly Incorporated makes and sells many consumer products. The firm's average contribution margin ratio is 22% Management is considering adding a new product that will require an additional $11,000 per month of fixed expenses and will have variable expenses of $7 per unit Required : aCalculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 22% Note: Round your answer to 2 decimal places bCalculate the number
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