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Blanket Company sells three products and prepared the following income statement for 2019: W Product Product A Product B Product $100,000 $80,000 $150,000 65,000 70,000
Blanket Company sells three products and prepared the following income statement for 2019: W Product Product A Product B Product $100,000 $80,000 $150,000 65,000 70,000 Sales.......... Cost of goods sold................ Gross margin................ Operating expenses............. Net operating income............ 35,000 80,000 75,000 5,000 35,000 $(30,000) 40,000 35,000 $45,000 $(5,000) Fixed expenses included in cost of goods sold and operating expense total $45,000 to Product A, $25,000 to Product B, and $45,000 to Product C. Contribution margin of Product A, Product B, and Product C would be: Select one: a. Data is incomplete to arrive to an answer. O b. Product A is $60,000, Product B is $85,000, and Product C is $60,000 O c. Product A is $(5,000), Product B is $(30,000), and Product C is $45,000. O d. Product A is $40,000, Product B is $(5,000), and Product C is $90,000. Clear my choice
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