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2 of 2 Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: table
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Now change all of the dollar amounts in the data area of your worksheet so that it looks like this:
tableABChapter : Applying Excel,,,Data,,,Sales,$Variable costs:,$Cost of goods sold,$Variable selling,$Variable administrative,,,Fixed costs:,$Fixed selling,$Fixed administrative,,,
If your formulas are correct, you should get the correct answers to the following questions.
a What is the gross margin now?
b What is the net operating income now?
c What is the contribution margin now?
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