Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company XYZ made total sales revenue of $300,000. The variable manufacturing costs were $95,000 while the fixed manufacturing costs were $20,000. The variable selling and

image text in transcribed
Company XYZ made total sales revenue of $300,000. The variable manufacturing costs were $95,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $47,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? O a. 205,000 O b. 185,000 Oc None of the given answers O d. 158,000 O e. 243,000

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_2

Step: 3

blur-text-image_3

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

Contemporary Auditing

Authors: Knapp, Rittenberg

1st Edition

1133731244, 978-1133731245

More Books

Students also viewed these Accounting questions

Question

The Functions of Language Problems with Language

Answered: 1 week ago

Question

The Nature of Language

Answered: 1 week ago