Question
The following is ABC Company's Income Statement: Revenue $86,000 Cost of Goods Sold $23,000 Gross Margin $63,000 Selling & Administrative Expenses $9,000 Net Income $54,000
The following is ABC Company's Income Statement: Revenue $86,000 Cost of Goods Sold $23,000 Gross Margin $63,000 Selling & Administrative Expenses $9,000 Net Income $54,000 All of ABC Company's period costs are fixed. ABC Company's Contribution Margin is $78,000. How much of the product costs are variable?
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
