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Calculate Contribution Margin Percentage

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Reference no: EM132446393

Question - Given total used to create CVP income statement

Sales (100 units) $10,000

Variable costs:

Direct labor $1,000

Direct Materials 1,700

Factory overhead 1,900

Selling Expenses 500

Administrative Expense 9,000

Company utilized JIT production system and there are no Raw Materials, Work-in-process or finished goods inventories.

Required - Calculate Contribution Margin Percentage.

Reference no: EM132446393

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