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Calculate agf contribution margin

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Problem 1: Based on the following information from AGF Corporation, calculate AGF's contribution margin.

Total revenue $2,000,000

Direct materials $600,000

Direct labor $250,000

Variable manufacturing overhead $170,000

Fixed manufacturing overhead $120,000

Sales commissions $150,000

Fixed selling expense $140,000

Group of answer choices

Option 1: $980,000

Option 2: $830,000

Option 3: $860,000

Option 4: $570,000

Reference no: EM132840611

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