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a. Young Company budgets sales of $880,000,fixed costsof $59,400, andvariable costsof $264,000. What is the contribution margin ratio for Young Company? fill in the blank
a.Young Company budgets sales of $880,000,fixed costsof $59,400, andvariable costsof $264,000. What is the contribution margin ratio for Young Company?
fill in the blank 1
%
b.If the contribution margin ratio for Martinez Company is 52%, sales were $501,000, and fixed costs were $195,390, what was the operating income?
$fill in the blank 2
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