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Phi Co. projects sales of $1,535,000 for the year. It projects that its variable expense rate for the year will be 63 percent. How much

Phi Co. projects sales of $1,535,000 for the year. It projects that its variable expense rate for the year will be 63 percent. How much in variable expenses will it incur for the year? $967,050 $1,193,000 $1,535,000 $895,000 Question 61 (1 point)

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