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a. Young Company budgets sales of $1,000,000, fixed costs of $42,800, and variable costs of $190,000. What is the contribution margin ratio for Young Company?

a. Young Company budgets sales of $1,000,000, fixed costs of $42,800, and variable costs of $190,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Martinez Company is 63%, sales were $845,000, and fixed costs were $399,260, what is the income from operations? $image text in transcribed

Contribution Margin Ratio a. Young Company budgets sales of $1,000,000, fixed costs of $42,800, and variable costs of $190,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Martinez Company is 63%, sales were $845,000, and fixed costs were $399,260, what is the income from operations? $

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