Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company XYZ made total sales revenue of $250,000. The variable manufacturing costs were $85,000 while the fixed manufacturing costs were $20,000. The variable selling and

image text in transcribed
Company XYZ made total sales revenue of $250,000. The variable manufacturing costs were $85,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $46,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? Fin O a. 145,000 O b. 119,000 None of the given answers O d. 194,000 O e. 165,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Guide Government Auditing Standards And Single Audits

Authors: AICPA

1st Edition

1945498447, 978-1945498442

More Books

Students also viewed these Accounting questions