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Asuming cost of goods sold is 90 variable and 10 fixed


Prepare a contribution margin statement in excel.

Assuming cost of goods sold is 90% variable AND 10% fixed and general and administrative expenses are 25% variable and 75% fixed, prepare a contribution margin statement.

We have income statement

Revenue $151800

Cost of good sold $126584

Gross margin $25216

General and admin.expenses $21005

Net income $4211

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Accounting Basics: Asuming cost of goods sold is 90 variable and 10 fixed
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