Question: What is the gross margin, net operating income, contributing margin? Chapter 1: Applying Excel Data Sales $73,000 Variable costs: Cost of goods sold $36,500 Variable

What is the gross margin, net operating income, contributing margin?

Chapter 1: Applying Excel
Data
Sales $73,000
Variable costs:
Cost of goods sold $36,500
Variable selling $3,600
Variable administrative $3,400
Fixed costs:
Fixed selling $2,500
Fixed administrative $1,500

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