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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

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