Question: show work please a) what is the gross margin? b) if Wayne had a $5000 increase in sales, profit sould increase by? .. $70,000 Presented
.. $70,000 Presented is information from Wayne's contribution income statement: Sales.... Less variable costs: Manufacturing Selling and administrative Contribution margin... Less fixed costs: Manufacturing Selling and administrative Profit...... $20,000 10,000 (30,000) 40,000 . 15,000 8,000 (23,000) $17,000
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