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Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Company Income
Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Company Income Statement For the Quarter Ended June 30 Cost of goods sold Gross margin.. Selling and administrative expenses $960,000 420,000 540,000 Selling $200,000 Administrative Net operating income 75,000 275,000 $265,000 Other data Average selling price.. Selling expenses Fixed selling expenses plus 8% of sales Fixed administrative expenses plus $2 per unit e expenseF Bee Company's contribution margin for the second quarter is: O $463,200 $540,000o O $851,200 O $431.200 Previous attempt
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