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Existing Product Revenue: $60,000; Existing Product Variable Costs: $30,000; Incremental Revenue from New Product: $20,000; Incremental Variable Costs from New Product: $12,000. Requirements : Calculate

    • Existing Product Revenue: $60,000; Existing Product Variable Costs: $30,000; Incremental Revenue from New Product: $20,000; Incremental Variable Costs from New Product: $12,000.
    • Requirements:
      • Calculate the total contribution margin for the existing product.
      • Determine the incremental contribution margin from the new product.

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