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Compute the contribution margin ratio

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Reference no: EM133041880

Question - Jackson Company recently calculated its break-even sales revenue to be $32,000. For each dollar of sales revenue, $0.75 goes to cover variable costs.

a. Compute the contribution margin ratio.

b. Compute the total fixed costs.

c. Compute the sales revenue that would have to be generated to earn an operating income of $40,000.

Reference no: EM133041880

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