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TheEastex Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:

TheEastex Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:

Middlesex Valley Company
Comparative Income Statement
For the Second Quarter
April May June
Sales in units 4,500 5,250 6,000
Sales Revenue $630,000 $735,000 $840,000
Cost of goods sold $252,000 $294,000 $336,000
Gross margin $378,000 $441,000 $504,000
Selling and administrative expenses:
Shipping expense $56,000 $63,500 $71,000
Advertising expense $70,000 $70,000 $70,000
Salaries and commisions $143,000 $161,500 $180,500
Insurance expense $9,000 $9,000 $9,000
Depreciation expense $42,000 $42,000 $42,000
Total selling and administrative expense $320,000 $346,250 $372,500
Net operating income $58,000 $94,750 $131,500

Compute the company's total contribution margin for April.

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