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What is the variable expense ratio

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Reference no: EM132714525

Income statement based on a sales volume of 1,000 units (the relevant rangeIof production is 500 units to 1,500 units):

Sales  $26,000

Variable expenses 14,000

Contribution margin 12,000

Fixed expenses 7,800

Net operating income $4,200

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Problem 1: What is the variable expense ratio?

Reference no: EM132714525

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