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During a recent fiscal year, Creek Company reported pretax income of...

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Accounting

During a recent fiscal year, Creek Company reported pretax income of $130,000, a contribution margin ratio of 25% and total contribution margin of $450,000. Total variable costs must have been:

a. $1,280,000.

b. $1,350,000.

c. $520,000.

d. $1,800,000.

e. $2,320,000.

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