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During a recent fiscal year, Creek Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total
During a recent fiscal year, Creek Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total variable costs must have been:
Select one:
a. $1,100,000.
b. $1,200,000.
c. $500,000.
d. $1,600,000.
e. $2,100,000.
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