Omega Company has sales of $336,000 and cost of goods sold of $218,000. The cost of goods
Fantastic news! We've Found the answer you've been seeking!
Question:
Omega Company has sales of $336,000 and cost of goods sold of $218,000. The cost of goods sold is a variable cost. The Company incurred $38,000 of fixed operating expenses and $49,000 of variable operating expenses. Based on this information
Multiple Choice
the company's gross margin is $69,000, while its contribution margin is $118,000.
net income is $118,000 under the gross margin format and $31,000 under the contribution margin format.
the company's gross margin is $118,000, while its contribution margin is $69,000.
net income is $31,000 under the gross margin format and $118,000 under the contribution margin format.
Expert Answer:
Posted Date:
