TB MC Qu. 1.253 (Algo) An income statement for Sam's Bookstore for... An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells for $60. Variable selling expenses are $6 per book with the remaining selling expenses being fixed. The variable administrative expenses are 5% of sales with the remainder being fixed. The contribution margin for Sam's Bookstore for the first quarter is: On average, a book sells for $60. Variable selling expense administrative expenses are 5% of sales with the remainde The contribution margin for Sam's Bookstore for the first q Multiple Choice $255.000 $210,000 $765,000 $690.000