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A manufacturer reports the following for the month: 12,000 variable manufacturing costs 20,000...

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Question

Accounting

A manufacturer reports the following for the month:

12,000 variable manufacturing costs

20,000 fixed manufacturing costs

18,000 variable selling costs

15,000 fixed selling costs

100,000 total sales

Determine the contribution margin ratio (CMR) for the month.

a.

.45

b.

.67

c.

.68

d.

.70

e.

none of the above

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