You are provided with the following amounts for a company. You are also told that...
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Accounting
You are provided with the following amounts for a company. You are also told that the company has no fixed manufacturing overhead.
Fixed administrative expense $65,000
Contribution margin $180,000
Gross margin $273,000
Variable selling expense $16,000
Sales $740,000
Variable administrative expense ?
Cost of goods sold ?
a) How much is variable administrative expense?
b) How much is net operating income (loss)?
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