Question

During March, a firm expects to its total sales to be $162,000, its total variable costs to be $95,200, and its total fixed costs to be $25,200. The contribution margin for March is:

Answer 1

Contribution margin= $66,800

Step-by-step explanation:

Giving the following information:

During March, a firm expects to its total sales to be $162,000, its total variable costs to be $95,200.

The contribution margin is calculated as follow:

Contribution margin= total sales - total variable cost

Contribution margin= 162,000 - 95,200= $66,800