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3. The following information is available for Chap Company: Sales Cost of goods sold Total fixed expenses Total variable expenses $ 350,000 120,000 60,000

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3. The following information is available for Chap Company: Sales Cost of goods sold Total fixed expenses Total variable expenses $ 350,000 120,000 60,000 100,000 Which amount would you find on Chap's CVP income statement? A. Contribution margin of $250,000 B. Contribution margin of $190,000 C. Gross profit-of $230,000 D. Gross profit of $190,000

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