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(a) Banner Company budgets sales of $480,000, fixed costs of$90,000 and variable costs of $360,000. What is the contribution margin ratio for Banner Company?

(b) If the contribution margin ratio for Manville Company is32%, sales were $850,000 and fixed costs were $190,000, what was the income from operations?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9993216

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