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Compute the amount of contribution margin for Janice Company based on the following data. Sales 500,000 Variable cost of goods sold 200,000 Variable selling expense

Compute the amount of contribution margin for Janice Company based on the following data.

Sales 500,000

Variable cost of goods sold 200,000

Variable selling expense 80,000

Fixed selling expense 50,000

Variable administrative expense 48,000

Fixed administrative expense 70,000

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