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problem: Yoko Limited had the following information (in millions of yen) for a given period:

Direct labor 140

Variable factory overhead 60

Sales ¥870

Direct materials 290

Variable selling and administrative expenses 100

Fixed factory overhead 120

Fixed selling and administrative expenses 45

There was no starting or ending inventories.

[A] find out Variable manufacturing cost of Goods sold 

[B] find out contribution margin, and 

[C] find out operating income

Cost Accounting, Accounting

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  • Reference No.:- M923266

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