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Q3: The contribution margin ratio is equal to: a. (Sales - Variable expenses)/Sales b. 1 - (Gross Margin/Sales). c. 1 - (Contribution Margin/Sales). d. Total
Q3:
The contribution margin ratio is equal to:
a.
(Sales - Variable expenses)/Sales
b.
1 - (Gross Margin/Sales).
c.
1 - (Contribution Margin/Sales).
d.
Total manufacturing expenses/Sales.
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