Question
International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling
International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. The total contribution margin for the firm is:
- $209,095
- $613,795
- $559,835
- $215,840
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
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