Bolka Corporation, a merchandising company, reported the following results for October: Sales$ 418,000Cost of goods sold (all variable)$ 175,500Total variable selling expense$ 23,700Total fixed selling expense$ 21,800Total variable administrative expense$ 16,200Total fixed administrative expense$ 34,300 The contribution margin for October is: Multiple Choice $146,500 $361,900 $202,600 $242,500

Contribution margin is the difference between sales revenue and variable costs. Variable cost is…

Answered: Bolka Corporation, a merchandising…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bolka Corporation, a merchandising company, reported the following results for October:

Sales	$ 418,000
Cost of goods sold (all variable)	$ 175,500
Total variable selling expense	$ 23,700
Total fixed selling expense	$ 21,800
Total variable administrative expense	$ 16,200
Total fixed administrative expense	$ 34,300

The contribution margin for October is:

Multiple Choice

$146,500
$361,900
$202,600
$242,500

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