Company XYZ made total contribution margin of $400,000 and a net income of $130,000. The company also made a total gross margin of $330,000. Assume that the variable selling and administrative expenses were $120,000, how much is the fixed manufacturing cost ($)? О a. 270,000 ОБ. 80,000 С. 200,000 O d. None of the given answers O e. 190,000

Company XYZ made total contribution margin of $400,000 and a net income of $130,000. The company also made a total gross margin of $330,000. Assume that the variable selling and administrative expenses were $120,000, how much is the fixed manufacturing cost ($)? О a. 270,000 ОБ. 80,000 С. 200,000 O d. None of the given answers O e. 190,000

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Description: 18lloW specific set of rules called accounting standards unlike managementaccountingCLEAR MY CHOICECompany XYZ made total contribution margin of $400,000 and a net income of $130,000. The company also made atotal gross margin of $330,000. Assume tha

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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