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The following information was drawn from the accounting records of Dark Night, Inc Income Statement Sales Revenue (320 @ $670 per unit) $ 214,400 Cost
The following information was drawn from the accounting records of Dark Night, Inc
Income Statement | |||
Sales Revenue (320 @ $670 per unit) | $ | 214,400 | |
Cost of Goods Sold: Variable (320 @ $370 per unit) | (118,400 | ) | |
Gross Margin | 96,000 | ||
Sales Commissions (320 @ $50) | (16,000 | ) | |
Fixed Period Expenses | (12,500 | ) | |
Net Income | $ | 67,500 | |
Based on this information Dark Nights contribution margin is:
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