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Vaswani company

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Vaswani Company provides the following information for their first year of operations:

Sales, 5,000 units @ $10 each; total production, 7,500 units

Selling and administrative costs.

Fixed, $1,000; Variable, $1 per unit.
Production costs per unit.
Direct materials, $2; Direct labor, $2; Variable overhead, $1
Fixed manufacturing overhead, $7,500
If Vaswani uses direct costing, how much is the contribution margin? 

Reference no: EM13912825

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