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Problem 1 Answer Sheet Costner Company Variable Costing/Contribution Margin Income Statement For the vear ended December 31 Sales ss: Variable cost of goods So Direct
Problem 1 Answer Sheet Costner Company Variable Costing/Contribution Margin Income Statement For the vear ended December 31 Sales ss: Variable cost of goods So Direct materials Direct labor Manufacturing overhead Less: Ending inventory cost Manufacturing margin Less: Variable selling and administrative expenses Contribution Margin (Sales - MM -S&A) Less: Fixed costs Fixed manufacturing overhead Fixed selling and administrative
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