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1) 2) 3) Huckleberry Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to
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Huckleberry Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? 60% 30% 70% 40% Ivy Company had actual sales of $600,000 when the break-even sales were $420,000. What is their margin of safety ratio? O 33.3% 25% 30% 45% Pansy Corporation has sales of $2,000,000, variable costs of $1,100,000, and fixed costs of $750,000. Pansy's degree of operating leverage is: O 1.47 O 6.00 0 1.22 O 1.20Step by Step Solution
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