Question
Porter Company has provided the following data for the second quarter of the most recent year: Sales Fixed Manufacturing Overhead Direct Labour Fixed Selling Expenses
Porter Company has provided the following data for the second quarter of the most recent year: Sales Fixed Manufacturing Overhead Direct Labour Fixed Selling Expenses $330,000 $60,000 $77,200 $46,250 Variable Manufacturing Overhead $40,850 Variable Administrative Expenses $49,700 Direct Materials $49,850 Fixed Administrative Expenses $44,000 Variable Selling Expenses $49,000 Assume that direct labour is a variable cost and that there were no beginning or ending inventories. SHOW ALL WORK A. What was the total contribution margin of Porter Company for the second quarter? B. What was the gross margin for Porter Company for the second quarter
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