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  3. i 3. jensen company has a contribution margin rati

I 3. Jensen Company has a contribution margin ratio of 45%. This means that its...

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Accounting

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I 3. Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False 1 4. Wayans Company has a 60% of sales. True False 1 5. Contribution margin ratio will remain the same at various levels of sales even if total fixed costs are altered. True False

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