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Business, 07.03.2020 04:54 trashbinkid

Time Remaining 20 minutes 58 seconds00:20:58 Item 4Item 4 Time Remaining 20 minutes 58 seconds00:20:58 The following income statement is provided for Ramirez Company for the current year: Sales revenue (1,900 units × $19.40 per unit) $ 36,860 Cost of goods sold (variable; 1,900 units × $7.40 per unit) (14,060 ) Cost of goods sold (fixed) (3,400 ) Gross margin 19,400 Administrative salaries (5,400 ) Depreciation (3,400 ) Supplies (1,900 units × $1.40 per unit) (2,660 ) Net income $ 7,940 What amount was the company's contribution margin?

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