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Assume the following information for a merchandising company: Number of units sold 20,000 Selling price per unit $ 30 Variable selling expense per unit $
Assume the following information for a merchandising company:
| Number of units sold | 20,000 |
|---|---|
| Selling price per unit | $ 30 |
| Variable selling expense per unit | $ 3.60 |
| Variable administrative expense per unit | $ 3.10 |
| Fixed administrative expenses | $ 50,000 |
| Beginning merchandise inventory | $ 24,000 |
| Ending merchandise inventory | $ 19,000 |
| Merchandise purchases | $ 340,000 |
What is the contribution margin?
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
