XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 80%. What is the selling price of the product? Select one: $837.5. b. $28.125 $522.5 d. $120. $60.
Added by Michael M.
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Contribution ratio = 100% - variable cost ratio Contribution ratio = 100% - 80% Contribution ratio = 20% Show more…
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