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Given the Following,calculate Contribution Margin and Net Income

Question 50

Essay

Given the following,calculate contribution margin and net income:
 Indirect  Net Sales  DVD CD Expense  Cost of Goods Sold $7,500$3,9004,1001,800Operating Expenses (Indirect)$2,600 \begin{array}{lrrr} & && \text { Indirect } \\ \text { Net Sales } & \text { DVD } & C D & \text { Expense } \\ \text { Cost of Goods Sold } & \$ 7,500 & \$ 3,900 & \\ & 4,100 & 1,800 &\\\text {Operating Expenses (Indirect)}&&&\$ 2,600 \end{array}

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