Mct Company's total sales are $150,000. The company's direct material cost is $25,000. Its direct labor cost is $34,000. Its total manufacturing overhead costs consists of $15,000 variable costs and $30,000 fixed costs. Its total selling and administrative expense consists of $6,000 variable costs and 17,000 fixed costs. What is the total contribution margin? Select one:
Mct Company's total sales are $150,000. The company's direct material cost is $25,000. Its direct labor cost is $34,000. Its total manufacturing overhead costs consists of $15,000 variable costs and $30,000 fixed costs. Its total selling and administrative expense consists of $6,000 variable costs and 17,000 fixed costs. What is the total contribution margin? Select one:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mct Company's total sales are $150,000.
The company's direct material cost is
$25,000. Its direct labor cost is $34,000.
Its total manufacturing overhead costs
consists of $15,000 variable costs and
$30,000 fixed costs. Its total selling and
administrative expense consists of
$6,000 variable costs and 17,000 fixed
costs. What is the total contribution
margin? Select one:
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