Sky West Catering, Inc. provides catering services. The company provides the following data for the month of July: No. of customers Service revenue 40 $21,000 $8,600 Variable costs The total fixed costs for the month are $3,000. Calculate the contribution margin and the contribution margin ratio. OA. $12,400 and 50%) OB. $12.400 and 41% OC. $29,600 and 41% OD. $29,600 and 59% Morwenna, Inc. reports the following information for August Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $800,000 170,000 25.000 120.000 70,000 Calculate the operating income for August using absorption costing OA. $290,000 OB. $415.000 OC. $990,000 OD. $385,000 Co Edelmar Corp has prepared a preliminary cash budget for the third quarter as shown below Cash Budget Beginning cash balance July $36,000 Aug Sep $18,000 Plus: Cash collections $56,000 Cash available 92.000 $24,500 $53,000 40,000 $71,000 $70,500 Loss Cash payments Purchases of direct materials 35,000 8,000 11,000 Operating expenses Capital expenditures 30,000 0 30,500 30,800 Ending cash balance $18,000 8,000 $24.500 7.700 $21,000 Subsequently, the marketing department revised its figures for cash collections. New data are as foliows: $54,000 in July, $55,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of July OA $16,000 OB. $17,000 OC. $24,500 OD. $18,000