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Company LMN has two product lines, Product A and Product B. Product A generates revenue of $500,000 and incurs variable costs of $200,000. Product B
Company LMN has two product lines, Product A and Product B. Product A generates revenue of $500,000 and incurs variable costs of $200,000. Product B generates revenue of $700,000 and incurs variable costs of $300,000. Fixed costs for the company are $400,000. Calculate the contribution margin for each product line, the contribution margin ratio for each product line, and the company's overall operating income.
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