Contribution margin = Total sales revenue - Total variable cost
Cost of goods sold includes all the costs and expenses directly related to production of goods, fixed as well as variable costs. In this question it is specifically said that Cost of goods sold is full of variable cost. And Cost of goods sold excludes indirect cost such as selling and administrative expenses.
So in order to calculate contribution margin Cost of goods and other 2 variable costs are reduced from sales.
Contribution margin = 453,000-169,700-21400-10700
=$251,200
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The gross margin for October is: Multiple Choice $294,700 $329,300 $238,300 $443,600
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 21,200 Total fixed selling expense $ 18,900 Total variable administrative expense $ 9,600 Total fixed administrative expense $ 36,300 The gross margin for October is: Multiple Choice $371,800 $253,600 $222,800 $167,600
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost Quiz 16 Helps Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 490,000 $ 169,700 $ 24,200 $ 21,700 $ 33,600 The contribution margin for October is: Multiple Choice O $282,900 O $207900 5207100 < Prev 5 of...
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $ 1,200 units Selling price per unit $ 221 per unit Unit cost of goods sold $ 97 per unit Variable selling expense per unit $ 12 per unit Total fixed selling expense $ 7,300 Variable administrative expense per unit $ 8 per unit Total fixed administrative expense $ 15,300 Cost of goods sold is a variable cost in this company. The contribution margin for...
International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. The total contribution margin for the firm is: $209,095 $613,795 $559,835 $215,840