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During a recent fiscal year, Creek Company reported pretax income of $132,000, a contribution margin ratio of 20% and total contribution margin of $470,000. Total

During a recent fiscal year, Creek Company reported pretax income of $132,000, a contribution margin ratio of 20% and total contribution margin of $470,000. Total variable costs must have been:

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  • $1,690,000.
  • $1,880,000.
  • $660,000.
  • $2,350,000.
  • $3,010,000.

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