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You inherited a triangular piece of property after your Uncle Izzy passed away.You want to know the size of land,so you "step it off" to estimate the square footage.From the southernmost vertex A,you travel north 300 feet then west 220 feet (for vertex C) ,and from the southernmost vertex A,you travel 420 feet north then 50 feet west (for vertex B) .Use a graphing utility to approximate the number of square feet of land that you have inherited.
Unit Contribution Margin
The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes to fixed costs and profit.
Variable Costs
Expenses that fluctuate directly with the volume of production or sales, such as raw materials and direct labor costs.
Fixed Costs
Constant expenditures that do not change with the volume of production or sales, such as rent or salaries.
Contribution Margin Ratio
A measure expressing how a product's selling price exceeds variable costs, shown as a percentage of the sales price.
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