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Given the following: Units produced - 500 Sales Value of 500 units - $102,000 Costs: Direct Materials - $8,000 Direct Labor - $10,000 Overhead -

Given the following: Units produced - 500 Sales Value of 500 units - $102,000 Costs: Direct Materials - $8,000 Direct Labor - $10,000 Overhead - $45,000 Fixed portion of overhead - 20% What are the answers to:

1. Contribution Margin

2. Variable Cost Ratio in %

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