Calculate the contribution margin and operating income for June using variable costing. Use the following information for

Question:

Calculate the and operating income for June using variable costing.
Use the following information for Short Exercises
Dracut Company reports the following information for June:
Net Sales Revenue ............................................. $ 755,000
Variable Cost of Goods Sold ................................... 240,000
Fixed Cost of Goods Sold ...................................... 198,000
Variable Selling and Administrative Costs ................... 168,000
Fixed Selling and Administrative Costs ........................ 79,000
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...