Knox Corporation has a selling price of $19, variable cost of $14.44 per unit an
ID: 2524010 • Letter: K
Question
Knox Corporation has a selling price of $19, variable cost of $14.44 per unit and fixed cost of $24,500....
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e-my.utrgv.edu | Home × Exam ? e? ? ezto.mheducatior ·.. ? t Visited my.utrgv.edu ALGEBRA LoginSearch ev | Search onnect ACCOUNTING instructions I help Question 28 (of 35) Save & ExSubmit TIme remaning: 1:10:42 Knox Corp has a selling price of $19, variable costs of $14 44 per unit, and fixed costs of $24,500. If Knox sells 9.000 units, the contribution margin ratio will equal: ?41040% 24.00% O 12.46%Explanation / Answer
contribution margin ratio = contribution /sales (19-14.44)/19 0.24 answer 24%
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