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Business, 11.03.2020 23:20 shanice13

Jorgensen Company reported the following information about the production and sale of its only product during the first month of operations: Selling price per unit $300 Sales $480,000 Direct materials used $220,000 Direct labor $200,000 Variable factory overhead $60,000 Fixed factory overhead $80,000 Variable selling and administrative expenses $20,000 Fixed selling and administrative expenses $10,000 Ending inventory, Direct Materials 0 Ending inventory, Workminusinminusprocess 0 Ending inventory, Finished Goods 400 units Under variable costing, the contribution margin is .

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