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ABC Company operates in a market where it faces stiff competition. During the first quarter, it produced 10,000 units, incurring total variable costs of $30,000

ABC Company operates in a market where it faces stiff competition. During the first quarter, it produced 10,000 units, incurring total variable costs of $30,000 and total fixed costs of $20,000. If the company sells 8,000 units during the same period, calculate the contribution margin ratio and the break-even point in sales revenue for the first quarter. Assume the selling price per unit is $10.

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