Multiple Choice
ABC Company's sales are $100,000, fixed costs are $50,000, and variable costs are $30,000.ABC Company's contribution margin and operating income are ________ and ________ respectively.
A) $50,000; $20,000
B) $20,000; $70,000
C) $70,000; $50,000
D) $70,000; $20,000
Correct Answer:
Verified
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