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ABC company reported the following: Revenues $17 ,000 Variable manufacturing costs $ 4 0 00 Variable nonmanufacturing costs $ 46 0 0 Fixed manufacturing costs

ABC company reported the following:

Revenues$17,000

Variable manufacturing costs$ 4000

Variable nonmanufacturing costs$ 4600

Fixed manufacturing costs$ 3000

Fixed nonmanufacturing costs$ 280

Required:

a.Compute gross margin.

b.Compute operating income.

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