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South Company wants to sell 300,000 units for $5.00 per unit and will just break even at this level of sales. The contribution margin ratio

South Company wants to sell 300,000 units for $5.00 per unit and will just break even at this level of sales. The contribution margin ratio is 20%. What are the company's fixed expenses?

Multiple Choice

  • $100,000

  • $160,000

  • $200,000

  • $300,000

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