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Use the data given below. Sales $66,000 Variable costs: Cost of goods sold $37,000 Variable selling $3,700 Variable administrative $3,500 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 A. What is the gross margin now? B. What is the net operating income now? C. What is the contribution margin now?

Use the data given below. Sales $66,000 Variable costs: Cost of goods sold $37,000 Variable selling $3,700 Variable administrative $3,500 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 A. What is the gross margin now? B. What is the net operating income now? C. What is the contribution margin now?

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Use the data given below. Sales $66,000 Variable costs: Cost of goods sold $37,000 Variable selling $3,700 Variable administrative $3,500 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 A. What is the gross margin now? B. What is the net operating income now? C. What is the contribution margin now?
Transcribed Image Text:Use the data given below. Sales $66,000 Variable costs: Cost of goods sold $37,000 Variable selling $3,700 Variable administrative $3,500 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 A. What is the gross margin now? B. What is the net operating income now? C. What is the contribution margin now?
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