X Company estimates the following for its only two products for 2020 - X and...
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Accounting
X Company estimates the following for its only two products for 2020 - X and Y:
| x | y | |
| Unit Sales | 6650 | 580 |
| Selling Price | 10.00 | 38.30 |
| Variable Cost | 5.40 | 28.60 |
Total fixed costs in 2020 are expected to be $18,000. What is the expected weighted average contribution margin rate in 2020 (rounded to two decimal places)?
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