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karlysvv1pn0mcnu karlysvv1pn0mcnu
  • 03-01-2017
  • Business
Answered

Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable costs?

Verified Answer :

Adamhydrant Adamhydrant
  • 03-01-2017


$300,000 / 30% = 1,000,000 - 300,000 = $700,000

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