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During a recent fiscal year, Creek Company reported pretax income of $130,000, a contribution margin ratio of 25% and total contribution margin of $450,000. Total
During a recent fiscal year, Creek Company reported pretax income of $130,000, a contribution margin ratio of 25% and total contribution margin of $450,000. Total variable costs must have been: a. $1,280,000. b. $1,350,000. c. $520,000. d. $1,800,000. e. $2,320,000. |
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