Question: Multiple Choice Question 98 The following information is available for Coronado Industries: Sales $680000 Total fixed expenses $150000 Cost of goods sold 490000 Total variable

Multiple Choice Question 98 The following information is available for Coronado Industries: Sales $680000 Total fixed expenses $150000 Cost of goods sold 490000 Total variable expenses 460000 A CVP income statement would report contribution margin of $530000. contribution margin of $220000. gross profit of $220000. gross profit of $190000

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