ATTENDANCESAMTime left 0:40:2Company XYZ made total sales revenue of $400,000. The variable manufacturing costs were $115,000 while the fixed manufacturingcosts were $20,000. The variable selling and administrative expenses were $49,000 while the fixed selling and administrative expenseswere $10,000. How much was the total contribution margin ($)?O a.341,000O b. 285,000Oc.236,000O d. None of the given answersO e. 265,000XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials,direct labor, and manufacturing overhead applied listed below are all for the current month.Work InPsIG

Ans. To get contribution margin, variable costs are deducted from sales amount. The variable selling…

Answered: Company XYZ made total sales revenue of…

Company XYZ made total sales revenue of $400,00 costs were $20,000. The variable selling and admir were $10,000. How much was the total contributic O a. 341,000 O b. 285,000 Oc. 236,000

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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Question

ATTENDANCE
SAM
Time left 0:40:2
Company XYZ made total sales revenue of $400,000. The variable manufacturing costs were $115,000 while the fixed manufacturing
costs were $20,000. The variable selling and administrative expenses were $49,000 while the fixed selling and administrative expenses
were $10,000. How much was the total contribution margin ($)?
O a.
341,000
O b. 285,000
Oc.
236,000
O d. None of the given answers
O e. 265,000
XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials,
direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In
Ps
IG

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