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What the contribution margin ratio is closest to

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Reference no: EM132602805

Question 1: If the monthly sales volume required to break even is $190,000 and monthly fixed costs are $55,900, the contribution margin ratio is closest to:

Multiple Choice

Option 1: 29%.

Option 2: 71%.

Option 3: 23%.

Option 4: 340%.

Reference no: EM132602805

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