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Lawrence Company plans to sell 25870 special commemorative dolls with fixed costs of $288720 per...

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Accounting

Lawrence Company plans to sell 25870 special commemorative dolls with fixed costs of $288720 per year and variable expenses at 40 percent of sales.

What is the contribution margin ratio for Lawrence Company? Type your answer as a decimal (Example, if your answer is 45% type .45)

To have a net income of $642600 for the year, Lawrence Company's management must set the per unit sales price at what value?

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