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Assume the following information for a merchandising company: Sales Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses
Assume the following information for a merchandising company: Sales Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses $ 475,000 $ 25,000 $ 350,000 $ 50,000 $ 40,000 $ 5,000 What is the company's contribution margin? Multiple Choice $125,000. $120,000 $100,000. $95,000
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