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end balances at dec 31: Sales revenue $3,780,000 Cost of goods sold $1,120,000 Selling and marketing expenses $455,000 Administrative expenses $300,000 Other operating expenses $380,000
end balances at dec 31:
Sales revenue | $3,780,000 |
Cost of goods sold | $1,120,000 |
Selling and marketing expenses | $455,000 |
Administrative expenses | $300,000 |
Other operating expenses | $380,000 |
translate the company's income statement into a contribution margin income statement. She provides the following additional information:
a) 30% of the cost of goods sold are fixed. |
b) 50% of the selling and marketing expenses are variable. |
c) 25% of the administrative expenses are variable. |
d) 80% of the other operating expenses are fixed. |
Using the above information produce a contribution margin income statement and answer the following question.
On the contribution margin income statement the total contribution margin would be $___________?
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