Characteristics of both a variable cost and a fixed cost

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Reference no: EM13794365

1. If sales are $500,000, variable costs are $200,000 and fixed costs are $240,000, what is the contribution margin ratio?

40%

48%

52%

60%

2. A cost that has characteristics of both a variable cost and a fixed cost is called a:

A. Variable/fixed cost

B. Mixed cost

C. Discretionary cost

D. Sunk cost

Reference no: EM13794365

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