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Business, 11.02.2020 22:27 fredvales19

Searls Corporation, a merchandising company, reported the following results for July:

Number of units sold 2,700 units
Selling price per unit $664 per unit
Unit cost of goods sold $405 per unit
Variable selling expense per unit $48 per unit
Total fixed selling expense $56,500
Variable administrative expense per unit $13 per unit
Total fixed administrative expense $118,200

Cost of goods sold is a variable cost in this company.

The contribution margin for July is:

A) $699,300

B) $1,453,400

C) $534,600

D) $359,900

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Answers: 1

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Searls Corporation, a merchandising company, reported the following results for July:

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