Contribution margin calculated-utilizing variable costing

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Reference no: EM13752245

How is the contribution margin calculated when utilizing variable costing?

-Sales less variable cost of goods sold

-Sales less variable cost of goods sold, less variable selling and administrative expenses

-Sales less cost of goods sold

-Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses.

Reference no: EM13752245

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