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Business, 24.08.2021 22:20 dukkchild666

Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units): $180,000
Variable expenses: $108,000
Contribution margin: $72,000
Fixed expenses: $62,400
Net operating income: $9,600
What is the contribution margin ratio for Kelchner Corporation?

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