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(10 points) Contribution margin ratio, break-even The following budget figures are provided: Sales Cost of goods sold Gross p
(11 points) Budgeted income statements, both methods, no opening inventory Katts Ltd commenced operations on 1 January 2014.
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Ans 10 a Contribution Margin Ratio = (Sales - Variable Cost/Sales Particulars Amount Amount Sales $3,40,000 Less: Variable co

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