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ABC Company sold 50,000 units at $17 per unit. Total fixed costs is $270,000 and variable cost is $6 per unit. (10 points) Instructions: a)

ABC Company sold 50,000 units at $17 per unit. Total fixed costs is $270,000 and variable cost is $6 per unit. (10 points) Instructions: a) Using the data above, prepare a contribution margin income statement. b) What is the contribution margin ratio for ABC Company?

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