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Work the CVP arithmetic

Exercise and reference answers

Questions
  1. Answer
    60
    Question
    Price $100, variable cost $40. Contribution margin?
  2. Answer
    60
    Question
    Margin $60 on a $100 price. Ratio as a percent?
  3. Answer
    225
    Question
    Fixed costs $13,500, margin $60 a unit. Break-even units?
Instructions
Type the value for each question.

Explanation

_Source: OpenStax Principles of Accounting, Volume 2: Managerial Accounting (CC BY-NC-SA 4.0), Ch 3 'Cost-Volume-Profit Analysis'_
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