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Hermes Company sales are $1, 200, 000, cost of goods under absorption costing is $900,...

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Hermes Company sales are $1, 200, 000, cost of goods under absorption costing is $900, 000, and total operating expenses are $180, 000. If cost of good sold is 70% variable and total operating expenses are 60% fixed, what is the contribution margin under variable costing? $570, 000 $498,000 $462,000 $390, 000

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