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What is the budgeted percentage variable cost ratio

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Question - 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: EM132734797

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