The PPC department of Ajax shows gross sales of $730,600 for computer supplies and $934,900 for office supplies. The cost of the computer supplies was $534,000 and the cost of the office supplies was $491,400
Direct expenses were $75,200 for the company and indirect expenses were $75,200. What was the contribution margin for the company?
A) $640,100
B) $583,500
C) $489,700
D) $564,900
Answer: D
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In a period of rising prices, the inventory method which tends to give the highest reported net income is
a. base stock. b. first-in, first-out. c. last-in, first-out. d. weighted-average.
Which of the following is true regarding an oblique strategy?
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