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    Fundamental Managerial Accounting Concepts Study Set 1
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    Exam 3: Analysis of Cost, volume, and Pricing to Increase Profitability
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    Jensen Company Has a Contribution Margin Ratio of 45
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Jensen Company Has a Contribution Margin Ratio of 45

Question 76

Question 76

True/False

Jensen Company has a contribution margin ratio of 45%.This means that its variable costs are 55% of sales.

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