Douglas Company is a merchandising company. During the next month, the company expects to sell...
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Douglas Company is a merchandising company. During the next month, the company expects to sell 400 units. The company has the following revenue and cost structure: Selling price per unit $240 Cost per unit $135 Sales commission 12% of sales Advertising expense $16,000/month Administrative expense $33,500/month What is the expected contribution margin next month?
The answer is $30,480 but can you show me how I get there?
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