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The expected selling price for a new product is $19.00. Management's goal is to obtain a 20% contribution margin on all sales. If the new product has variable selling and distribution costs

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SOLVED: Production 11,000 units @ ` 11.50 per unit, Closing Stock of finished Goods 3,000 units. Opening Stock 2,000 units @ ` 14 per unit, Selling and Distribution Expenses 20% of Cost

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