Company XYZ made total contribution margin of $700,000 and a net income of $100,000. The company...
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Company XYZ made total contribution margin of $700,000 and a net income of $100,000. The company also made a total gross margin of $510,000. Assume that the variable selling and administrative expenses were $240,000, how much is the fixed manufacturing cost ($)? Company XYZ made total contribution margin of $700,000 and a net income of $100,000. The company also made a total gross margin of $510,000. Assume that the variable selling and administrative expenses were $240,000, how much is the fixed manufacturing cost ($)?
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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