FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Sales (18,000 units)
Variable expenses
Contribution margin
Fixed expenses
$ 360,000
144,e00
216,eee
180,eee
Operating income
$ 36,eee
Required:
Answer each question Independently based on the original data:
1. What is the product's CM ratio?
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