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Homework answers / question archive / Marie's Magic Shoppe provides the following information about its single product

Marie's Magic Shoppe provides the following information about its single product

Accounting

Marie's Magic Shoppe provides the following information about its single product.

 

Targeted operating income

$38,000

Selling price per unit

$25.00

Variable cost per unit

$12.00

Total fixed cost

$85,000

 

What is the contribution margin ratio?

A) 192%

B) 52%

C) 13%

D) 48%

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