Accounting 1.2

1. The following information was provided by this bank: Revenue $700,000 Variable product costs $210,000 Fixed product costs $120,000 Variable selling costs $100,000 Fixed selling costs $150,000 What is the contribution margin? o $370,000 o $490,000 o $120,000 o $390,000 2. Based on the information from question #1. What is bank's gross margin? o $370,000 o $490,000 o $120,000 o $390,000