Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If sales are $250,000, variable cost of goods sold is $25,000, variable selling expenses are $5,000 and fixed costs are $10,000, how much is the

If sales are $250,000, variable cost of goods sold is $25,000, variable selling expenses are $5,000 and fixed costs are $10,000, how much is the contribution margin on the variable costing income statement?

a.

$225,000

b.

$210,000

c.

$220,000

d.

$235,000

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

Total Quality Auditing

Authors: Amanda Jo Erven

1st Edition

1733784306, 978-1733784306

More Books

Students also viewed these Accounting questions

Question

Explain how cultural differences affect business communication.

Answered: 1 week ago

Question

List and explain the goals of business communication.

Answered: 1 week ago