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X Company, a manufacturing company with no inventories, has the following information Sales Revenue$1,000,000Fixed Manufacturing Expenses250,000Variable Manufacturing Expenses400,000Fixed Selling & Administrative Expenses300,000Variable Selling & Administrative

X Company, a manufacturing company with no inventories, has the following information

Sales Revenue$1,000,000Fixed Manufacturing Expenses250,000Variable Manufacturing Expenses400,000Fixed Selling & Administrative Expenses300,000Variable Selling & Administrative Expenses100,000

Compute Gross Margin on a traditional income statement. Do not enter $ signs or commas. for example enter, $325,000 as 325000:

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