Calculate the variable cost ratio

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Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable cost is $21 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is $30,000 and fixed selling and administrative expense is $48,000. Get the instant assignment help. Calculate the variable cost ratio. Calculate the contribution margin ratio.

Reference no: EM133928386

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