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Business, 07.06.2020 11:57 ronniethefun

The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totaled $340,000.

Sales were:

Product A, $500,000;

Product B, $300,000; and

Product C, $200,000.

Traceable fixed costs were:

Product A, $120,000;

Product B, $100,000; and

Product C, $60,000.

The variable expenses of Product A were $300,000 and the variable expenses of Product B were $180,000.

.The contribution margin ratio for Product C is

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The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000...

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