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X Company estimates the following for its only two products for 2020 - X and...

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Accounting

X Company estimates the following for its only two products for 2020 - X and Y:

x y
Unit Sales 6650 580
Selling Price 10.00 38.30
Variable Cost 5.40 28.60

Total fixed costs in 2020 are expected to be $18,000. What is the expected weighted average contribution margin rate in 2020 (rounded to two decimal places)?

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