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Jack's Toys Sells Kites for $20 Each

Question 55

Multiple Choice

Jack's Toys sells kites for $20 each.Variable costs are $8 per kite.Fixed costs are $2,400 per month.What is the contribution margin ratio for the kites?


A) 167%
B) 60%
C) 12%
D) 40%

Correct Answer:

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