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During the most recent fiscal period, Cherokee Company had sales

Following are the calculations as required above. Formulae Result Formulae Result(Amount) Sales 100% $80,000 Variabe cost Given 20% Sales*Variable cost% $16,000 Contriution margin ratio/ Contribution (Sales-variable cost)/Sales 80% Sales-Variable cost $64,000 Fixed cost Given $48,000 Operating profit ratio/ operating profit…

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