The following information was taken from the records of M company: Sales $700,000 Fixed administrative expenses 110,000
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The following information was taken from the records of M company:
Sales $700,000
Fixed administrative expenses 110,000
Fixed cost of goods sold 100,000
Fixed selling expenses 50,000
Variable administrative expenses 30,000
Variable cost of goods sold 220,000
Variable selling expense 170,000
What is the company's contribution margin?
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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