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Company utilized JIT production system and there are no Raw Materials, Work-in-process or finished goods inventories Determine: Contribution Margin Percentage

Givenfollowing total used to create CVP income statement Sales (100 units) $10,000Variable

costs:

Direct labor $1,000

Direct Materials 1,700

Factory overhead      1,900

Selling Expenses 500

Administrative Expense 9,000 

Company utilized JIT production system and there are no Raw Materials, Work-in-process or finished goods inventories

Determine:

 
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