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In September, Smith Company had the following financial statement amounts related to producing 500 units: ...... Direct materials........ $27,000...... Depreciation expense......... 11,000 Sales revenue........ 95,000 ...... Direct labour... 23,000...... Rent expense..... 25,000 How much is total contribution margin for September? a. $9,000 b. $45,000 c. $68,000 d. $20,000

In September, Smith Company had the following financial statement amounts related to producing 500 units: ...... Direct materials........ $27,000...... Depreciation expense......... 11,000 Sales revenue........ 95,000 ...... Direct labour... 23,000...... Rent expense..... 25,000 How much is total contribution margin for September? a. $9,000 b. $45,000 c. $68,000 d. $20,000

FINANCIAL ACCOUNTING
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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In September, Smith Company had the following financial statement amounts related to producing 500 units: ...... Direct materials....... $27,000...... Depreciation expense.... 11,000...... Sales revenue........ 95,000 ...... Direct labour....... 23,000...... Rent expense......... 25,000 How much is total contribution margin for September? a. $9,000 b. $45,000 c. $68,000 d. $20,000
Transcribed Image Text:In September, Smith Company had the following financial statement amounts related to producing 500 units: ...... Direct materials....... $27,000...... Depreciation expense.... 11,000...... Sales revenue........ 95,000 ...... Direct labour....... 23,000...... Rent expense......... 25,000 How much is total contribution margin for September? a. $9,000 b. $45,000 c. $68,000 d. $20,000
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