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Contribution Margin Ratio 1. Coastal Company budgets sales of $38,600,000, fixed costs of $5,000,000, and variable costs of $23,932,000. What is the contribution margin

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Contribution Margin Ratio 1. Coastal Company budgets sales of $38,600,000, fixed costs of $5,000,000, and variable costs of $23,932,000. What is the contribution margin ratio for Coastal Company? 2. If the contribution margin ratio for Buchner Company is 48%, sales were $50,000,000, and fixed costs were $18,400,000, what was the operating income? 1. How much would operating income increase if same-store sales increased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest tenth of a million (one decimal place).

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