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What is the budgeted percentage variable cost ratio

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Problem 1: Thompson Company makes and sells power tools. The budgeted sales are $450,000, the budgeted variable costs are $150,000, and the budgeted fixed cost is $230,000. What is the budgeted percentage variable cost ratio? (Note: Round your answer to two decimal places.)

a.19.23%
b.89.50%
c.50.50%
d.54.66%
e.33.33%

Reference no: EM132687830

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