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5) How is the contribution margin calculated when utilizing variable costing? -Sales less variable cost...

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Accounting

5) How is the contribution margin calculated when utilizing variable costing?

-Sales less variable cost of goods sold

-Sales less variable cost of goods sold, less variable selling and administrative expenses

-Sales less cost of goods sold

-Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses.

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