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Jack's Toys sells kites for $20 each
Jack's Toys sells kites for $20 each. Variable costs are $8 per refill. Fixed costs are $2,400 per month. What is the contribution margin per kite?
A) $1.67
B) $ 0.60
C) $8.00
D) $12.00
Expert Solution
Answer: D
Explanation: D)
Sales $20
Less Variable costs 8
= Contribution Margin 12
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