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Variable Costing Leone Company has the following information for July: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed

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Variable Costing Leone Company has the following information for July: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the following for Leone Company for the month of July: a. Manufacturing margin b. Contribution margin c. Income from operations $440,000 211,200 70,400 48,400 26,400

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