Question

Sales $419,000 Cost of goods sold (all variable) $175,500 Total variable selling expense $23,600 Total fixed selling expense $17,200 Total variable administrative expense $15,400 Total fixed administrative expense $31,400 The contribution margin for October is: Multiple Choice $370,400 $243,500 $204,500 $155,900

Answer 1

$204,500

Step-by-step explanation:

contribution margin = sales - variable cost

= $419,000 - ($175,500 + $23,600 + $15,400)

= $204,500

The contribution margin for October is: $204,500