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Determine the contribution margin ratio per hour

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Reference no: EM133062923

Question - Foxy Loxy Lawyers discloses the following information:

Fees $400 per hour

Variable office costs $120 per hour

Variable marketing costs 10% of chargeable fees

Fixed costs $600,000 p.a.

Required - Determine the contribution margin ratio per hour?

Reference no: EM133062923

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