Question 25

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QUESTION 25 The KURUVILLA Company has the following functional income talent for the mothy 2020 Sales (520 x 20 000 units) S400.000 Costs of goods sold Direct materials (3 x 20.000) S80 000 Direct labot (2 x 20 000) 40.000 Variable factory overhead (6 x 20000) 120.000 Fixed factory overhead 50.000 270 000 Gross prota 5130.000 Selling and administrative expenses Variable (1 x 20000) $ 20.000 Foxed 50.000 70.000 Operating income $ 80.000 Kuruvilla's tax rate is 40% What is the contribution margin ratio? Be sure to show ALL YOUt work with formulas in English or abbreviations needed to receive full credit for a correct