Tiny Tims Towers sells 11,600 units at $180 per unit. Fixed costs are $104,400, and...
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Accounting
Tiny Tims Towers sells 11,600 units at $180 per unit. Fixed costs are $104,400, and operating income is $1,148,400. Determine the (a) variable cost per unit, (b) unit contribution margin, and (c) contribution margin ratio. Round the contribution margin ratio to two decimal places.
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