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Sarasota Upholstering Inc. has the following results for the month: Revenues equal $2850, variable manufacturing costs equal $670, and fixed manufacturing overhead costs equal $770.
Sarasota Upholstering Inc. has the following results for the month: Revenues equal $2850, variable manufacturing costs equal $670, and fixed manufacturing overhead costs equal $770. Which of the following statements is correct? Monthly gross margin is equal to $705. Monthly contribution margin is equal to $1410. Monthly gross margin is equal to $1410. Operating income for the month is equal to $2180
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