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Question - International Imports is a merchandising firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. Compute the total variable costs for the firm.
a. $60,705
b. $465,405
c. $114,665
d. $404,700
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