Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 464,000 Cost of goods sold (all variable) $ 173,500 Total variable selling
Bolka Corporation, a merchandising company, reported the following results for October:
Sales | $ | 464,000 | |
Cost of goods sold (all variable) | $ | 173,500 | |
Total variable selling expense | $ | 24,600 | |
Total fixed selling expense | $ | 23,000 | |
Total variable administrative expense | $ | 8,900 | |
Total fixed administrative expense | $ | 38,200 | |
The contribution margin for October is:
Multiple Choice
-
$257,000
-
$207,000
-
$290,500
-
$195,800
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started