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Q: Monsivais Corporation, a manufacturing company, has provided the following financial data for February:
Sales
$470,000
variable production expense
$81,000
Variable selling expense
$11,000
Variable administrative expense
$40,000
Fixed production expense
$86,000
Fixed selling expense
$73,000
Fixed administrative expense
$139,000
The company had no beginning or ending inventories.
The contribution margin for February was:
a. $338,000
b. $303,000
c. $172,000
d. $40,000
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