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Ronnie's Repair Shop has a monthly target operating income of $25,000. Variable expenses are 50% of sales, and monthly fixed expenses are $8,500. Hint: The
Ronnie's Repair Shop
has a monthly target operating income of
$25,000.
Variable expenses are
50%
of sales, and monthly fixed expenses are
$8,500.
Hint: The contribution margin ratio = 100% - Variable expenses percentage of sales.
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