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Larry's Incorporated sells 16,000 school bags at a selling price of $58 per unit. The variable cost of producing one bag is $23 per unit.

Larry's Incorporated sells 16,000 school bags at a selling price of $58 per unit. The variable cost of producing one bag is $23 per unit. The fixed costs are $360,000 over the relevant range. What is the total contribution margin?

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