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Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) $ 320,000
Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (8,000 units)
$
320,000
Variable expenses
192,000
Contribution margin
128,000
Fixed expenses
118,400
Net operating income
$
9,600
What is the variable expense ratio for Stauffer Corporation?
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