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Variable costing Leone Company has the following information for July: Sales $590,000 Variable cost of goods sold 277,300 Fixed manufacturing costs 88,500 Variable selling and
Variable costing Leone Company has the following information for July: Sales $590,000 Variable cost of goods sold 277,300 Fixed manufacturing costs 88,500 Variable selling and administrative expenses 59,000 Fixed selling and administrative expenses 35,400 Determine the following for Leone Company for the month of July: a. Manufacturing margin b. Contribution margin C. Income from operations
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