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Question
Jeans's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn? 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products.? Jeans's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year.
Amount
Account
Membership revenue
$140.000
Personal trainer wages expense
Personal training revenue
$79,000
Space rental expense
$11,000
Product sales
$66,000
Straight line depreciation expense
$6,000
Cost of product sold
$36.000
Rental insurance expense
$3,000
Front desk staff wages expense
$12.000
If a contribution margin income statement is prepared for the? year, what is the contribution? margin?
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