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If sales are $804,000, variable costs are 68% of sales, and operating income is $279,000, what is the contribution margin ratio? Oa. 32% Ob.
If sales are $804,000, variable costs are 68% of sales, and operating income is $279,000, what is the contribution margin ratio? Oa. 32% Ob. 68% Oc. 36% Od. 64%
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
