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Wang Co. manufactures and sells a single product that sells for $600 per unit; variable...

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Accounting

Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $318 per unit. Annual fixed costs are $991,700. Current sales volume is $4,310,000. Compute the contribution margin ratio.

Multiple Choice

  • 47.0%.

  • 88.7%.

  • 23.7%.

  • 50.0%.

  • 23.3%.

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