What are the variable costs and contribution margin

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Reference no: EM132500500

Sales $2,800,000 Cost of Goods Sold $2,000,000 Gross Margin 800,000 Sales Commissions 280,000 Fixed Advertising Expenses 20,000 Variable Administrative Expenses 80,000 Fixed Administrative Expenses 100,000 Net Income 320,000

Question 1: What are the variable costs, fixed costs, and contribution margin?

Reference no: EM132500500

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