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The following information is available for Sheridan Company: Sales $500000 Cost of goods sold 320000 Total fixed expenses $150000 Total variable expenses 260000 A CVP

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The following information is available for Sheridan Company: Sales $500000 Cost of goods sold 320000 Total fixed expenses $150000 Total variable expenses 260000 A CVP income statement would report O gross profit of $180000. O contribution margin of $350000. O contribution margin of $240000. gross profit of $240000

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