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For a Particular Product Line, Sales During the Past Year

Question 36

Multiple Choice

For a particular product line, sales during the past year were about $15,000,000, cost of goods sold were $10,000,000, sales expenses were $1,200,000, and fixed costs were $2,000,000. What was the product line's contribution margin for the year?


A) $13,800,000
B) $3,800,000
C) $5,000,000
D) $3,000,000

Correct Answer:

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