Apps 1 Hankes Learning Blackboard Leam Welcome-my uhrg Cinemark Theatres G Work

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Apps 1 Hankes Learning Blackboard Leam Welcome-my uhrg Cinemark Theatres G Work in lapant Introduction to Managerial Accounting: Spring 2018 Online ACCT 2302.90 Hugo Ri ACCOUNTING Exam Il instructions I help Question 21 (of 35) Save & Exit Submit Time remaining: 135:38 21. Knox Corp has a selling price of $16, variable costs of $12.64 per unit, and fixed costs of $21500 If Knox sells 12.000 units, the contribution margin ratio will equl 8.71% 2100% 12.29% 0 403.20% 4/15/201 O Type here to search

Explanation / Answer

Contribution margin = 16-12.64 = 3.36

Contribution margin ratio = 3.36/16

= 21.00%

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