The following information is available for Sheridan Company:
Sales $670000
Total fixed expen...
Business, 20.08.2020 03:01 lilquongohard
The following information is available for Sheridan Company:
Sales $670000
Total fixed expenses $150000
Cost of goods sold 470000
Total variable expenses 420000
A CVP income statement would report:
a. Gross profit of $160,000
b. contribution margin of $400,000
c. gross profit of $190,000
d. contribution margin of $190,000
Answers: 2
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