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What is the contribution margin

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Reference no: EM133140119

Question - Given

Number of units sold 20,000

Selling price per unit $30

Variable selling expense per unit $3.80

Variable administrative expense per unit $2.80

Fixed administrative expenses $50,000

Beginning merchandise inventory $24,000

Ending merchandise inventory $19,000

Merchandise purchases $340,000

Required - What is the contribution margin?

Reference no: EM133140119

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