Central Perk has provided the following data for the second quarter of the most recent year: Sales Fixed Manufacturing Overhead Direct Labour Fixed Selling Expenses Variable Manufacturing Overhead Variable Administrative Expenses Direct Materials Fixed Administrative Expenses Variable Selling Expenses Assume that direct labour is a variable cost and that there was no beginning or ending inventories. a) What was the total contribution margin of Central Perk for the second quarter? b) What was the gross margin(loss) for Central Perk for the second quarter? $560,000 45,000 62,500 26,250 21,000 28,000 31,500 24,500 29,750

Central Perk has provided the following data for the second quarter of the most recent year: Assume that direct labour is a variable cost and that there was no beginning or ending inventories. a) What was the total contribution margin of Central Perk for the second quarter? b) What was the gross margin(loss) for Central Perk for the second quarter