Homework Answers
Contribution margin income statement
| Sales revenue | 763000 | 250 | |
| Less; Variable expense | |||
| Cost of goods sold | 345500 | 113.20 | |
| Selling expense | 19838 | 6.50 | |
| Administrative expense | 38150 | 12.50 | |
| Total Variable expense | 403488 | 132.2 | |
| Contribution margin | 359512 | 117.80 | |
| Total Fixed expense | |||
| Selling expense | 4422 | ||
| Administrative expense | 12410 | ||
| Total fixed expense | 16832 | ||
| Net operating income | 342680 |
b) Operating expense formula
Y = 19X+16832
c) Contribution margin = 117.80*3000 = 353400
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