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30 January, 22:46

Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False

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  1. 31 January, 00:44
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    Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

    This statement is true

    Explanation:

    Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.
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