Business, 31.10.2019 04:31 elizabethcswind5062

The following income statement is provided for ramirez company in 2013: sales revenue (1,500 units × $19.00 per unit) $28,500 cost of goods sold (variable; 1,500 units × $7.00 per unit) (10,500) cost of goods sold (fixed) (3,000) gross margin 15,000 administrative salaries (5,000) depreciation (3,000) supplies (1,500 units × $1.00 per unit) net income $5,500 what amount was the company's contribution margin? (do not round intermediate calculations.)
a. $16,500
b. $5,500
c. $18,000
d. $15,000

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The following income statement is provided for ramirez company in 2013: sales revenue (1,500 units...

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