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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


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.

Dec 06 2019 View more View Less

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