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O'Reilly Manufacturing sold 430,000 units of its product for $69 per unit in 2020. Variable cost per unit is $59, and total fixed costs are
O'Reilly Manufacturing sold 430,000 units of its product for $69 per unit in 2020. Variable cost per unit is $59, and total fixed costs are $1,720,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. = Contribution margin
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