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Given Below Are the Two Independent Situations:
(A) If $800,000 \$ 800,000

question 17

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Given below are the two independent situations:
(a) If Herry Company's budgeted sales are $800,000 \$ 800,000 , fixed costs are $350,000 \$ 350,000 , and variable costs are $600,000 \$ 600,000 , what is the budgeted contitibution margin ratio?

(b) If the contribution margin ratio is 30% 30 \% for Gray Company, sales are $900,000 \$ 900,000 , and fixed costs are $180,000 \$ 180,000 , what is the operating profit?

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Definitions:

Marxist Approach

A method of socioeconomic analysis that examines class relations and societal conflict using a materialist interpretation of historical development, based on the ideas of Karl Marx.

Rusche and Kircheimer

Theorists known for their work on the social theory related to punishment, proposing that forms of punishment change with social structures.

Severity of Punishment

The degree of harshness or intensity of a penalty imposed for wrongdoing.

Restorative Justice

A criminal justice approach focusing on the rehabilitation of offenders through reconciliation with victims and the community at large.

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