Arthur's Plumbing reported the following: Revenues $4,500 Variable manufacturing costs $ 900

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...
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Arthur's Plumbing reported the following:
Revenues $4,500
Variable manufacturing costs $ 900
Variable nonmanufacturing costs $ 810
Fixed manufacturing costs $ 630
Fixed nonmanufacturing costs $ 545
Required:
a. Compute contribution margin. 
b. Compute contribution margin percentage. 
c. Compute gross margin.

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