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Oriole Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold-fixed Cost of goods sold-variable Selling expenses-fixed Selling expenses-variable $70400 17600 16280 6160 5280 Administrative expenses-fixed 4400 Administrative expenses - variable 6600 How much is Oriole's contribution margin?

Oriole Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold-fixed Cost of goods sold-variable Selling expenses-fixed Selling expenses-variable $70400 17600 16280 6160 5280 Administrative expenses-fixed 4400 Administrative expenses - variable 6600 How much is Oriole's contribution margin?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6 Oriole Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold-fixed Cost of goods sold-variable Selling expenses-fixed Selling expenses-variable Administrative expenses - fixed Administrative expenses variable $70400 17600 16280 6160 5280 4400 6600 How much is Oriole's contribution margin?
Transcribed Image Text:6 Oriole Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold-fixed Cost of goods sold-variable Selling expenses-fixed Selling expenses-variable Administrative expenses - fixed Administrative expenses variable $70400 17600 16280 6160 5280 4400 6600 How much is Oriole's contribution margin?
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