[Solved] During a Recent Fiscal Year, Dawson Company Reported Pretax Income

Question 95
Multiple Choice

During a recent fiscal year, Dawson Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total variable costs must have been:

A) $1,100,000.
B) $1,200,000.
C) $500,000.
D) $1,600,000.
E) $2,100,000.

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