Anzola Company had the following data (in millions) for a recent period. Fill in the blanks. There

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Anzola Company had the following data (in millions) for a recent period. Fill in the blanks. There was no beginning or ending inventories.

a. Sales $920

b. Direct materials used 350

c. Direct labor 210

Indirect manufacturing costs:

d. Variable 100

e. Fixed 50

f. Variable manufacturing cost of goods sold —

g. Manufacturing cost of goods sold —

Selling and administrative expenses:

h. Variable 90

i. Fixed 80

j. Gross profit —

k. Contribution margin —

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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