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Omega Company has sales of $ 3 0 6 , 0 0 0 and cost of goods sold of $ 2 0 3 , 0

Omega Company has sales of $306,000 and cost of goods sold of $203,000. The cost of goods sold is a variable cost. The Company incurred $23,000 of fixed operating expenses and $41,500 of variable operating expenses. Based on this information
A.) the company's gross margin is $103,000, while its contribution margin is $61,500.
B.) the company's gross margin is $61,500, while its contribution margin is $103,000.
C.) net income is $103,000 under the gross margin format and $38,500 under the contribution margin format.
D.) net income is $38,500 under the gross margin format and $103,000 under the contribution margin format.

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