Question 3 BelIi-Pitt, Inc produces a single product. The results ofthe company's operations for a typical month are summarized in contribution format as follows: Sales $540,000 Less: Variable Expenses 350,000 Contribution Margin $180,000 Less: Fixed Expenses 120,000 Operating Income 60,000 The company produced and sold 120,000 kilograms of product during the month. There were no beginning or ending inventories