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Contribution Margin Ratio, Break-Even Sales, Operating Leverage Elgart Company produces plastic mailboxes. The projected income statement for the coming year follows: Sales $460,300 Total variable

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Contribution Margin Ratio, Break-Even Sales, Operating Leverage Elgart Company produces plastic mailboxes. The projected income statement for the coming year follows: Sales $460,300 Total variable cost 165,708 Contribution margin $294,592 Total fixed cost 150,000 Operating income $144,592 Required: 1. Compute the contribution margin ratio for the mailboxes. %

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