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?
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...
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Provide correct answer general accounting
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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