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What is the contribution margin ratio for dye company

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Problem 1: For Dye Company, at a sales level of 5,000 units, total sales are $75,000, total variable expenses are 42,000 and total fixed expenses are $21,000. What is the contribution margin ratio

a) 44%
b) 16%
c) 56%
d) 156%

Reference no: EM132795547

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