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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 85
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $205 per pair and cost $164 per pair in variable costs to make.
1. Compute the contribution margin per pair.
2. Compute the contribution margin ratio.
3. Describe what the contribution margin ratio reveals about this new jeans line.
1. Compute the contribution margin per pair.
2. Compute the contribution margin ratio.
3. Describe what the contribution margin ratio reveals about this new jeans line.
Explanation
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A jeans maker sells its jeans at $20...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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