What is the company contribution margin
Last month when Harrison Creations, Inc. sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and total fixed expenses were $45,000. What is the company's contribution margin (CM) ratio?
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A retail store has three departments and does general advertising that benefits all of its departments. Advertising expense totaled $50,000 for the year, and department sales.
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