6 Seved Help Seve & Exit Assessment 4: (Algo) Omega Company has sales of... LO 11-3 Omega Company has sales of $302,000 and cost of goods sold of $201,000. The cost of goods sold is a variable cost. The Company incurred $21,000 of fixed operating expenses and $40,500 of variable operating expenses. Based on this information Multiple Choice net income is $39.500 under the gross margin format and $101.000 under the contribution margin format the company's gross margin is $60,500, while its contribution margin is $10.000 a the company's gross margin is $101,000, while its contribution margin is $60.500 net income is 10000 under the gross margin format and $39.500 under the contribution margin format 16 here to search