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In the following equations based on the variable costing income statement identify the items designated by X a Net Sales X Manufacturing Margin Here is a tip Manufacturing margin should be

In the following equations, based on the variable costing income statement, identify the items designated by X:
Net Sales - X = Manufacturing Margin

 

Here is a tip:

Manufacturing margin should be considered only the variable part of the cost of goods sold under variable costing.

May 14 2021 View more View Less

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