The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totalled $350,000. Product Product Product A B с Sales $500,000 $300,000 $200,000 Traceable 120,000 100,000 60,000 fixed costs Variable 300,000 180,000 expenses The net operating income for the company as a whole for June was: Select one: a. $20,000 b. $90,000 c. $170,000 d. $300,000
The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totalled $350,000. Product Product Product A B с Sales $500,000 $300,000 $200,000 Traceable 120,000 100,000 60,000 fixed costs Variable 300,000 180,000 expenses The net operating income for the company as a whole for June was: Select one: a. $20,000 b. $90,000 c. $170,000 d. $300,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Gasson Company sells three products,
Product A, Product B and Product C, and
had sales of $1,000,000 during the month of
June. The company's overall contribution
margin ratio was 37% and fixed expenses
totalled $350,000.
Product
Product
Product
A
B
с
Sales $500,000 $300,000 $200,000
Traceable 120,000 100,000
60,000
fixed costs
Variable 300,000 180,000
expenses
The net operating income for the company
as a whole for June was:
Select one:
a. $20,000
b. $90,000
c. $170,000
d. $300,000
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