Question
Wesley's contribution marginincome statement is as follows: Sales (10,000 units) $150,000 Less variable COGS -40,000 Less variable selling cost -8,000 Contribution margin $102,000 Less fixed
Wesley's contribution marginincome statement is as follows:
Sales (10,000 units)
$150,000
Less variable COGS
-40,000
Less variable selling cost
-8,000
Contribution margin
$102,000
Less fixed COGS
-18,000
Less fixed selling cost
-6,000
Net income
$78,000
What GROSS MARGINwould appearon a TRADITIONAL income statement?
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
