Question: If sales total $ 2 , 0 0 0 , 0 0 0 , fixed costs total $ 8 0 0 , 0 0 0

If sales total $2,000,000, fixed costs total $800,000, and variable costs are 60% of sales, the contribution
(6pts) margin ratio is 40%.
True
False
If sales total $ 2 , 0 0 0 , 0 0 0 , fixed costs

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