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Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 433,000 Cost of goods sold (all variable) $ 176,100 Total variable selling
Bolka Corporation, a merchandising company, reported the following results for October:
Sales | $ 433,000 |
---|---|
Cost of goods sold (all variable) | $ 176,100 |
Total variable selling expense | $ 26,700 |
Total fixed selling expense | $ 19,700 |
Total variable administrative expense | $ 8,700 |
Total fixed administrative expense | $ 37,300 |
The contribution margin for October is:
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