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COTB MC Qu. 1.97 (Algo) Assume (1) total sales are... Assume (1) total sales are $300,000, (2) the direct labor cost of $40,000 is 40% of total conversion costs and 25% of total prime costs, (3) the total selling and administrative expense is $62,000, (4) the only variable selling and administrative expense is sales commissions of 8% of sales, (5) all manufacturing overhead costs are fixed costs, and (6) there are no beginning or ending inventories. What is the total contribution margin? Multple Chaice $116,000 5110,000 $35.000 5125.000 If sales are $250.000, merchandise purchases are $129.500, and the balacee of the merchandise inventory account decreased by $20.000 during the period, then the cost of goods sold must be: Mutegie Chaice 5270.000 5149.500. 5109500 5100500 COTB MC Qu. 7-71 (Static) In its first year of operations... In its first year of operations a company produced and sold 70,000 units of Product A at a seiling price of $20 per unil and 17,500 units of Product 8 at a selling price of $40 per unit Additional information relating to the company's only two products is shown beiow: The company created an activity-based costing system that allocated its manufacturing overhead costs to four activities as follows: The company's ABC implementation team also concluded that $50,000 and $100,000 of the company's advertising expenses could be directly traced to Product A and Product B, respectively. The remainder of its selling and administrative expenses ($400.000) was organization-sustaining in nature. The company's acllvity-based conting system would report a product margin for Product A of: The company's activity-based costing system would report a product margin for Product A of: Vutiple choice $526.200 $515,200 $446,200 5496,200