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    Exam 21: Cost-Volume-Profit Analysis
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    If Sales Are $820,000, Variable Costs Are 55% of Sales
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If Sales Are $820,000, Variable Costs Are 55% of Sales

Question 22

Question 22

Multiple Choice

If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?


A) 45%
B) 55%
C) 62%
D) 32%

Correct Answer:

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