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Ready Set Go Inc

Question 120

Essay

Ready Set Go Inc. reports the following financial information for the month: Variable costs of $2,500,000; fixed costs of $1,000,000; 2,000 units sold; selling price per unit of $2,000; and variable cost per unit of $1,250. What is the total contribution margin for Ready Set Go Inc.?

Correct Answer:

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Contribution margin equals $1,500,000. W...

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