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What is the variable expense ratio for stauffer corporation

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Question - Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (8,000 units) $320,000

Variable expenses 192,000

Contribution margin 128,000

Fixed expenses 118,400

Net operating income $9,600

What is the variable expense ratio for Stauffer Corporation?

Reference no: EM131905175

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