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Armstrong Industries has a contribution margin of $240,000 and a contribution margin ratio of 30%. How much are total variable costs? Select one: a. $168,000

Armstrong Industries has a contribution margin of $240,000 and a contribution margin ratio of 30%. How much are total variable costs?

Select one:

a. $168,000

b. $72,000

c. $560,000

d. $800,000

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