FINANCIAL ACCOUNTING
9th Edition
ISBN: 9781119620631
Author: Kimmel
Publisher: WILEY
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Bucket Corporation had the following income statement:
Sales
$53,000
Less: Variable costs $28,000
Contribution margin $25,000|
Less: Fixed costs
$16,000
Net income
$9,000
Bucket's operating leverage is
What is the adjusting cost of goods sold for the year?
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