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Sales are $200,000 and $210,000 for May and June, respectively; Cost of Goods Sold (CGS) 65%, Variable Cost (VC) 20%, Monthly Fixed Costs (FC) $12,000,
Sales are $200,000 and $210,000 for May and June, respectively; Cost of Goods Sold (CGS) 65%, Variable Cost (VC) 20%, Monthly Fixed Costs (FC) $12,000, Depreciation included in FC $4,000, Ending inventory is 40% of next month CGS, Beginning Inventory for May is $52,000; What is total contribution margin for May and June?
| 1. | $17,500 and $ 18,500 | |
| 2. | $30,000 and 31,500 | |
| 3. | $31,500 and $32,500 | |
| 4. | $34,500 and $35,500 |
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