XYZ Company's product has a contribution margin per unit of $11.25 and a variable cost ratio of 60%. What is the selling price of the product? Select one: a. $28.125. b. $22.5. c. $37.5. d. $40. e. $50.

XYZ Company's product has a contribution margin per unit of $11.25 and a variable cost ratio of 60%. What is the selling price of the product? Select one: a. $28.125. b. $22.5. c. $37.5. d. $40. e. $50.

Name: XYZ Company's product has a contribution marginper unit of $11.25 and
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Description: XYZ Company's product has a contribution marginper unit of $11.25 and a variable cost ratio of 60%.What is the selling price of the product? Selectone:a. $28.125.b. $22.5.c. $37.5.d. $40.e. $50.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5MC: A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the...

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