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Porter Company has provided the following data for the second quarter of the most recent year: Sales . . . . . . . .
Porter Company has provided the following data for the second quarter of the most recent year:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300,000
Fixed manufacturing costs. . . . . . . . . . . . . . 55,000
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,500
Fixed sales expense. . . . . . . . . . . . . . . . . . . . . 46,250
Variable manufacturing overhead. . . . . . . . . . . 41,000
Variable administrative expense. . . . . . . . . . . . . 48,000
Direct Materials. . . . . . . . . . . . . . . . . . . . . . . . . 51,500
Fixed administrative expense. . . . . . . . . . . . . . . 44,500
Variable selling expenses. . . . . . . . . . . . . . . . . . . $49,750
Assume that direct labor is a variable cost and that there were no beginning or ending inventories.
What is the Porter Company's total contribution margin for the second quarter?
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300,000
Fixed manufacturing costs. . . . . . . . . . . . . . 55,000
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,500
Fixed sales expense. . . . . . . . . . . . . . . . . . . . . 46,250
Variable manufacturing overhead. . . . . . . . . . . 41,000
Variable administrative expense. . . . . . . . . . . . . 48,000
Direct Materials. . . . . . . . . . . . . . . . . . . . . . . . . 51,500
Fixed administrative expense. . . . . . . . . . . . . . . 44,500
Variable selling expenses. . . . . . . . . . . . . . . . . . . $49,750
Assume that direct labor is a variable cost and that there were no beginning or ending inventories.
What is the Porter Company's total contribution margin for the second quarter?
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