Answered: A company sells goods for $20,000 and…

A company sells goods for $20,000 and its variable costs are $12,000. What is its contribution margin? • A) $6,000 • B) $8,000 • C) $4,000 • D) $10,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 16MCQ: Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000...

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Question

Question 1: general finance

A company sells goods for $20,000 and its variable costs are $12,000. What is its contribution
margin?
• A) $6,000
• B) $8,000
• C) $4,000
• D) $10,000

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