Calloway Manufacturing had the following amounts from its income statement: . Sales revenue (1,200 units): $120,000 • Cost of goods sold-Fixed: $25,000 Cost of goods sold-Variable: $24,000 Selling expenses-Fixed: $8,500 Selling expenses-Variable: $9,600 Administrative expenses-Fixed: $7,200 ⚫ Administrative expenses-Variable: $10,800 How much is Calloway's contribution margin? a. $60,000 b. $75,600 c. $85,500 d. $44,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calloway Manufacturing had the following amounts from its income statement:
.
Sales revenue (1,200 units): $120,000
•
Cost of goods sold-Fixed: $25,000
Cost of goods sold-Variable: $24,000
Selling expenses-Fixed: $8,500
Selling expenses-Variable: $9,600
Administrative expenses-Fixed: $7,200
⚫ Administrative expenses-Variable: $10,800
How much is Calloway's contribution margin?
a. $60,000
b. $75,600
c. $85,500
d. $44,400
Transcribed Image Text:Calloway Manufacturing had the following amounts from its income statement: . Sales revenue (1,200 units): $120,000 • Cost of goods sold-Fixed: $25,000 Cost of goods sold-Variable: $24,000 Selling expenses-Fixed: $8,500 Selling expenses-Variable: $9,600 Administrative expenses-Fixed: $7,200 ⚫ Administrative expenses-Variable: $10,800 How much is Calloway's contribution margin? a. $60,000 b. $75,600 c. $85,500 d. $44,400
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