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Author Question: Cornell Corporation gathered the following information for the year just ended:Fixed ... (Read 162 times)

acc299

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Cornell Corporation gathered the following information for the year just ended:

Fixed costs:
Manufacturing$125,000
Marketing48,000
Administrative25,000
Variable costs:
Manufacturing$120,000
Marketing32,000
Administrative38,000

During the year, Cornell produced and sold 60,000 units of product at a sale price of $8.00 per unit.  There was no beginning inventory of product at the start of the year.


What is the contribution margin for the year at Cornell Corporation?
◦ $282,000
◦ $290,000
◦ $92,000
◦ $480,000


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Marked as best answer by acc299 on Jan 5, 2020

ergserg

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acc299

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Reply 2 on: Jan 5, 2020
:D TYSM


hramirez205

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Reply 3 on: Yesterday
Wow, this really help

 

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