The following information is available for Chap Company. Sales: 350,000Cost of goods sold: 120,000Total fixed expenses: 60,000Total variable expenses: 100,000Which amount would you find on Chap's CVP income statement? A. Contribution margin of $250,000B. Contribution margin of $190,000C. Gross profit of $230,000D. Gross profit of $190,000
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