Company A reported the following data for April: sales $692,500 cost of goods sold $305,000 total variable selling expense $37,500 total fixed selling expense $16,000 total variable administrative expense was $35,000 total fixed administrative expense $38,900 If the cost of goods sold in this company is a variable cost. What is the contribution margin for April?

Company A reported the following data for April: sales $692,500 cost of goods sold $305,000 total variable selling expense $37,500 total fixed selling expense $16,000 total variable administrative expense was $35,000 total fixed administrative expense $38,900 If the cost of goods sold in this company is a variable cost. What is the contribution margin for April?

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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