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Last year, Clyde Company's sales were $240,000, its fixed costs were $50,000, and its variable...

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Accounting

Last year, Clyde Company's sales were $240,000, its fixed costs were $50,000, and its variable costs were $2 per unit. During the year, 80,000 units were sold. The total contribution margin was:

Select one:

$200,000

$240,000

$30,000

$80,000

Answer & Explanation Solved by verified expert
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