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For the month of August, Purple Sun generated sales of $400,000. The companys variable cost of goods sold for the month totaled $175,000, including variable
For the month of August, Purple Sun generated sales of $400,000. The companys variable cost of goods sold for the month totaled $175,000, including variable overhead of $25,600. Total overhead for the month was $56,200. The company also incurred variable selling and administrative costs of $13,200 and fixed selling and administrative costs of $45,000. a. Determine the manufacturing margin. b. Determine the contribution margin. c. Determine the operating income
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