The Perfect Fit Company sells hand sewn shirts at $58.00 per shirt.It incurs monthly fixed costs of $8,000.The contribution margin ratio is calculated to be 30%.What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places. )
A) $40.60 per shirt
B) $75.40 per shirt
C) $58.00 per shirt
D) $17.40 per shirt
Correct Answer:
Verified
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