During its most recent fiscal year, Dover, Incorporated had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and income was $400,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year? Multiple Choice O O O O $1,900,000. $2,800,000. $1,300,000. $1,100,000.
During its most recent fiscal year, Dover, Incorporated had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and income was $400,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year? Multiple Choice O O O O $1,900,000. $2,800,000. $1,300,000. $1,100,000.
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.2C
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Multiple Choice
$1,900,000.
$2,800,000.
Question 13 - E X
B
During its most recent fiscal year, Dover, Incorporated had total sales of $3,200,000. Contribution
margin amounted to $1,500,000 and income was $400,000. What amount should have been
reported as variable costs in the company's contribution margin income statement for the year?
$1,300,000.
$1,100,000.
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