What is the contribution margin under variable costing, Accounting Basics

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What is the contribution margin under variable costing

Question:

In the Heenemen Company, sales are $800,000, cost of goods under absorption costing is $600,000 and total operating expenses are $120,000. If cost of goods sold is 70% variable and total operating expenses are 60% fixed, what is the contribution margin under variable costing?

a. $380,000.
b. $332,000.
c. $308,000.
d. $260,000.

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Accounting Basics: What is the contribution margin under variable costing

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Accounting Basics: What is the contribution margin under variable costing

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