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  3. ronnie's repair shop has a monthly target operatin

Ronnie's Repair Shop has a monthly target operating income of $25,000. Variable expenses are 50%...

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Verified Solution

Question

Accounting

Ronnie's Repair Shop

has a monthly target operating income of

$25,000.

Variable expenses are

50%

of sales, and monthly fixed expenses are

$8,500.

Hint: The contribution margin ratio = 100% - Variable expenses percentage of sales.

Answer & Explanation Solved by verified expert
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