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XYZ Corporation manufactures and sells two products, Product M and Product N. Product M has a contribution margin ratio of 30%, while Product N has
XYZ Corporation manufactures and sells two products, Product M and Product N. Product M has a contribution margin ratio of 30%, while Product N has a contribution margin ratio of 50%. If the company's total sales revenue is $150,000 and the total sales mix is 2:3 (Product M to Product N), what is the total variable cost?
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