The Minccino Companys most recent contribution format income statements show sales volume of 50,000 units,...
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Accounting
The Minccino Companys most recent contribution format income statements show sales volume of 50,000 units, total sales of 550,000; variable expenses of 275,000; and fixed expenses of 50,000. The firm pursued a strategy that reduced the unit selling price by 1.50 resulting in an increased number of units sold by 25%. The VARIABLE COST RATIO would (increase/decrease) to ___________%
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