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The following income statement is provided for Awesomeness Company for the current year: $ Sales revenue (3,000 units x $42 per unit) Cost of goods
The following income statement is provided for Awesomeness Company for the current year: $ Sales revenue (3,000 units x $42 per unit) Cost of goods sold (variable; 3,000 units $15 per unit) 126,000 (45,000) Cost of goods sold (fixed) (9,000) Gross margin 72,000 Administrative salaries Depreciation (11,000) (9,000) (15,000) Supplies (3,000 units x $5 per unit) Net income $ 37,000 What amount was the company's contribution margin? A. $66,000 B. $81,000 C.$37,000 D. $48,000
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