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Knox CorpHas a Selling Price of $20,variable Costs of $14 Per

Question 118

Multiple Choice

Knox Corp.has a selling price of $20,variable costs of $14 per unit,and fixed costs of $25,000.If Knox sells 12,000 units,the contribution margin ratio will equal:


A) $60,000
B) 30%
C) 70%
D) 10.4%

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