What is the contribution margin for this companywhat is the

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Reference no: EM13600377

The following information is available for a company:

Sales $1,000,000
Selling expenses-variable 22,000
Selling expenses-fixed 33,000
Administrative expenses-variable 30,000
Administrative expenses-fixed 10,000
Cost of goods sold-variable 400,000
Cost of goods sold-fixed 100,000

A) What is the contribution margin for this company?
B) What is the gross margin for this company?

Reference no: EM13600377

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