Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct mat

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Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct mat

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Bikes Manufacturing Produces And Sells Children S Bikes At An Average Price Of 80 Its Costs Are As Follows Direct Mat 1
Bikes Manufacturing Produces And Sells Children S Bikes At An Average Price Of 80 Its Costs Are As Follows Direct Mat 1 (36.5 KiB) Viewed 11 times
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Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct materials, $14; direct labour, $9; variable overhead, $4; sales commission, 5% of price. Its fixed monthly costs are $38,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y = X 2. What is the company's contribution margin percentage? (Round your answer to 2 decimal places.) Contribution margin %
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