An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells tor $50, Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses ate 4% of sales with the remainder being fixed. If 20,000 books are sold during the second quarter and this activity is within the relevant range, the company's expected contribution margin would be: On average, a book selts for $50 variable selling expenses are $5 per book with the remaining selling expenses being fixed The variable administrotive expenses are 4% of sales with the remoinder being fixed If 20,000 books are sold duting the second quarter and this activity is within the relevant range, the comparys expected contribution margin would be: Mutiple choice $860,000 558,000 $160,000 $300,000 An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells tor $50, Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses ate 4% of sales with the remainder being fixed. If 20,000 books are sold during the second quarter and this activity is within the relevant range, the company's expected contribution margin would be: On average, a book selts for $50 variable selling expenses are $5 per book with the remaining selling expenses being fixed The variable administrotive expenses are 4% of sales with the remoinder being fixed If 20,000 books are sold duting the second quarter and this activity is within the relevant range, the comparys expected contribution margin would be: Mutiple choice $860,000 558,000 $160,000 $300,000