Home / Questions / In 2020, management has decided to increase the selling price by 20% and to maintain the
In 2020, management has decided to increase the selling price by 20% and to maintain the same contribution margin ratio as last year. This increase in price is to meet an increase of £1,450,000 in fixed costs in 2019. The company plans to produce and sell the same quantity of domestic ovens in 2020 as in 2019.
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