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Gokey Company Has a Contribution-Margin Ratio of 0

Question 134

Multiple Choice

Gokey Company has a contribution-margin ratio of 0.30.Targeted net income is $76,800 and targeted sales volume in dollars is $480,000.What are total fixed costs?


A) $23,000
B) $44,160
C) $67,200
D) $144,000

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