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The Cost of Goods Sold in a Retail Store Totaled

Question 26

Multiple Choice

The cost of goods sold in a retail store totaled $325,000. Fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. If the store's contribution margin totaled $590,000, then sales must have been:


A) $1,125,000
B) $1,030,000
C) $915,000
D) $650,000

Correct Answer:

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