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answer options a.$260,000 b.$50,000 c.$208,000 d.$110,000 Assume (1) total sales are $300,000, (2) the direct labor cost of $40,000 is 20% of total conversion costs
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a.$260,000 b.$50,000 c.$208,000 d.$110,000
Assume (1) total sales are $300,000, (2) the direct labor cost of $40,000 is 20% of total conversion costs and 50% of total prime costs, (3) the total selling and administrative expense is $62,000, (4) the only variable selling and administrative expense is sales commissions of 4% of sales, (5) all manufacturing overhead costs are fixed costs, and (6) there are no beginning or ending inventories. What is the total contribution margin? Multiple Choice O $260,000 $50,000 $208,000Step by Step Solution
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