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Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing

Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures:Remo CompanyAngelo IncorporatedSales revenue$ 450,000$ 450,000Less: Variable cost280,000215,000Contribution margin$ 170,000$ 235,000Less: Fixed cost50,000115,000Net operating income $120,000$120,000Required:Calculate the break-even sales revenue for each company.Note: Round your "Contribution Margin Ratio" percentage to 2 decimal places (i.e.0.1524=15.24%) and final answers to 2 decimalplaces.

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