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During a Recent Fiscal Year,Creek Company Reported Pretax Income of $125,000,a

Question 139

Multiple Choice

During a recent fiscal year,Creek Company reported pretax income of $125,000,a contribution margin ratio of 25% and total contribution margin of $400,000.Total variable costs must have been:


A) $1,100,000.
B) $1,200,000.
C) $500,000.
D) $1,600,000.
E) $2,100,000.

Correct Answer:

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