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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:
Multiple Choice
- $1,690,000.
- $1,880,000.
- $660,000.
- $2,350,000.
- $3,010,000.
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