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Question - Given the following information, answer the following questions: BioTec's fixed cost and breakeven in sales are $30,000 and $75,000, respectively.
What is BioTec's contribution margin ratio?
30%
40%
20%
60%
What is the variable cost if the sale price per unit is $40?
$8.00
$24.00
$40.00
$16.00
What are the sales needed to obtain earnings before tax of $6,000?
$120,000
$90,000
$60,000
$180,000
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