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Calip Corporation, a merchandising company, reported the following results for October Sales $453,000 Cost of goods sold (all variable) $173,000 Total variable selling expense $12,000

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Calip Corporation, a merchandising company, reported the following results for October Sales $453,000 Cost of goods sold (all variable) $173,000 Total variable selling expense $12,000 Total fixed selling expense $9,900 Total variable administrative expense $8,000 Total fixed administrative expense $25,600 The contribution margin for October is: $260,000 O $232,000 $196,500 $369,500

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