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Hampton Company, a producer of computer disks, has the following information: Income tax rate 40...

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Accounting

Hampton Company, a producer of computer disks, has the following information: Income tax rate 40 percent Selling price per unit $1.00 Variable cost per unit $0.60 Total fixed costs $36,000.00 What is the contributionmargin ratio? A. 40 percent B. 60 percent C. 100 percent D. None of the above.

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