In July, ABC Corporation, a manufacturing company, reported the following financial data: Sales.... $390,000 Variable...
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In July, ABC Corporation, a manufacturing company, reported the following financial data: Sales.... $390,000 Variable production expense....... $74,000 Fixed production expense... $67,000 Variable selling expense.. $15,000 Fixed selling expense. $72,000 Variable administrative expense. $52,000 Fixed administrative expense. $86,000 Requirements 1- How much is the total contribution margin of ABC Corporation for July? 2. How much is the net income ( net loss) of ABC Corporation for July? 3- Assume ABC Corporation is targeting the break-even for August as a result of Corona Virus crises. How much is the planned contribution margin
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