Sales were $750,000, the variable cost of goods sold was $400,000, the variable selling and administrative expenses

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Sales were $750,000, the variable cost of goods sold was $400,000, the variable selling and administrative expenses were $90,000, and fixed costs were $200,000. The contribution margin was:

a. $60,000.

b. $260,000.

c. $350,000.

d. none of the above.

Variable Costing for Management Analysis

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Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

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