Solved: The variable expenses were 2053200 and the fixed expenses, Accounting Basics

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The variable expenses were 2053200 and the fixed expenses

Question - A Co. markets a simple water control and timer that it mass-produces. During the year, the company sold 696,000 units at an average selling price of $4.22 per unit. The variable expenses were $2,053,200, and the fixed expenses were $683,338.

What is the product's contribution margin ratio?

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Accounting Basics: The variable expenses were 2053200 and the fixed expenses

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Accounting Basics: The variable expenses were 2053200 and the fixed expenses

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