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Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable costs?
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Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable costs?

User Tom Castle
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1 Answer

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$300,000 / 30% = 1,000,000 - 300,000 = $700,000
User Dcangulo
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