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Guelph Manufacturing produces metal picture frames. The company's income statements for the last two years are presented below: The company has no beginning or ending
Guelph Manufacturing produces metal picture frames. The company's income statements for the last two years are presented below: The company has no beginning or ending inventories. Required: a. Estimate the company's total variable cost per unit, and its total fixed costs per year. (Remember that this is a manufacturing firm.) b. Compute the company's contribution margin for this year
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