Essay
Suppose Kathy Lentz Company sells hand tatted lace for $25 per yard.Her materials cost $4 per yard and labor costs her $10 per yard.She also estimates her fixed cost to be $50 per month.If she sells 2,000 yards of lace during the month, what is her contribution margin ratio?
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$25 - ($4 + $10) = $...View Answer
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