Vaughn Manufacturing's cost of goods sold is $300000 variable and $220000 fixed. The company's selling and administrative expenses are $320000 variable and $380000 fixed. If the company's sales revenue is $1300000, what is its contribution margin? O $700000 O $680000 O $780000 O $80000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Vaughn Manufacturing's cost of goods sold is $300000 variable and $220000 fixed. The company's selling and administrative
expenses are $320000 variable and $380000 fixed. If the company's sales revenue is $1300000, what is its contribution margin?
O $700000
O $680000
O $780000
O $80000
Transcribed Image Text:Vaughn Manufacturing's cost of goods sold is $300000 variable and $220000 fixed. The company's selling and administrative expenses are $320000 variable and $380000 fixed. If the company's sales revenue is $1300000, what is its contribution margin? O $700000 O $680000 O $780000 O $80000
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