Relevant and non-relevant costs
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How do you put labor cost increase and higher fuel cost has caused food cost increase to your business into a contribution margin formula?
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Solution Summary
The relevant and non-relevant costs for labor increase and higher fuel costs are determined. The contribution margin formula is given.
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Dear student,
How do you put labor cost increase and higher fuel cost has caused food cost increase to your business into a contribution margin formula?
Contribution margin formula = Total sales- total variable costs
Contribution margin formula can also be written as = (selling price per unit*number of units sold)-(variable cost per unit*number of ...
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