Question

Sales $419,000 Cost of goods sold (all variable) $175,500 Total variable selling expense $23,600 Total fixed selling expense $17,200 Total variable administrative expense $15,400 Total fixed administrative expense $31,400 The contribution margin for October is: Multiple Choice $370,400 $243,500 $204,500 $155,900

Answer 1

Answer:

$204,500

Explanation:

contribution margin = sales - variable cost

                                 = $419,000 - ($175,500 + $23,600 +  $15,400)

                                 = $204,500

The contribution margin for October is: $204,500