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2. Suppose that sales are 22% higher as shown below: A B 1 Chapter 1: Applying Excel 2 3 Data 4 Sales $ 22,570

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2. Suppose that sales are 22% higher as shown below: A B 1 Chapter 1: Applying Excel 2 3 Data 4 Sales $ 22,570 5 Variable costs: 69 Cost of goods sold $ 9,150 Variable selling $ 915 8 Variable administrative $ 671 9 Fixed costs: 10 Fixed selling 11 Fixed administrative SS $ 2,500 $ 1,500 Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sales. (a) What is the gross margin now? Gross margin

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