Compute contribution margin compute gross margin compute

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Reference no: EM13453100

1. Jennifer's Stuffed Animals reported the following:

Revenues $2,000

Variable manufacturing costs $ 600

Variable nonmanufacturing costs $ 460

Fixed manufacturing costs $ 300

Fixed nonmanufacturing costs $ 280

Required:

a. Compute contribution margin.

b. Compute gross margin.

c. Compute operating income.

Reference no: EM13453100

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