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THE Company introduced a new product to customers during 2021. The new product had a break-even point in sales revenue of $600,000 and a contribution
THE Company introduced a new product to customers during 2021. The new product had a break-even point in sales revenue of $600,000 and a contribution margin ratio of 30%. During 2021, the net income from the new product amounted to $150,000. The variable costs related to the new product during 2021 were equal to:
Group of answer choices
$180,000
$330,000
$420,000
$430,000
$750,000
$770,000
$1,100,000
none of the above choices are correct
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