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Geneva Co. reports the following information for July: Sales $ 768,000 Variable costs 231,000 Fixed costs 106,000 Calculate the contribution margin for July. Multiple Choice $537,000 $431,000 $662,000
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19 votes
Geneva Co. reports the following information for July: Sales $ 768,000 Variable costs 231,000 Fixed costs 106,000 Calculate the contribution margin for July. Multiple Choice $537,000 $431,000 $662,000 $768,000

User Jonathan Cremin
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1 Answer

14 votes
14 votes

Answer:

$537,000

Step-by-step explanation:

Contribution margin is used to determine the profitability of a product. it is price less variable cost

Contribution margin = total sales - variable costs

$ 768,000 - $231.000 = 537,000

User Mmssaann
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