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4-26 Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Sandoval Company prepared the following projected income statement: Sales$90,000Total Variable cost68,000Contribution margin$22,000Total Fixed cost6,800Operating income$15,200 Required: 1.Calculate the contribution margin ratio. Round your answer to the nearest whole number. % 2.Calculate the variable cost ratio. Round your answer to the nearest whole […]
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