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Keisay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (9,000 units) Variable expenses
Keisay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $540,000 405,000 135,000 130, 500 $ 4,500 The variable expense ratio is closest to
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