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Accounting, Finance, SPSS
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English (U.S.)
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Cost Behavior. Accounting, Finance, SPSS Coursework

Coursework Instructions:

What is meant by a product's contribution margin ratio? How is this ratio useful in planning business operations? Cite any references used. I only need 150 words

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Cost Behavior
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A product’s contribution margin ratio is the percentage of the incremental money generated by selling a product after subtracting the variable portion of the firm’s cost and expenses CITATION Mit19 \l 1033 (Franklin, Graybea, & Dixon, 2019). It is computed by the following formula:
Contribution Margin Ratio = Sales Revenue – Variable Costs
Sales Revenue
It is also defined as the percentage of revenues that is available to cater for the firm’s fixed costs and fixed expenses as well as the profit CITATION Les20 \l 1033 (Eldenburg, et al., 2020). It should be noted that is and cannot be calculated using the...
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