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Reliance Corporation sold 5,300 units of its product at a price of $25 per unit. Total variable cost per unit is $17.50, consisting of $16.60
Reliance Corporation sold 5,300 units of its product at a price of $25 per unit. Total variable cost per unit is $17.50, consisting of $16.60 in variable production cost and $0.90 in variable selling and administrative cost. Compute the contribution margin for the company.
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