CVP analysis at a multiproduct firm (Learning Objectives 4 &5) The contribution margin income statement of Morgantown Coffee for October follows P7-66A Morgantown Coffee Contribution Margin Income Statement Month Ended October 31 4 5 6 Sales revenue Less variable expenses: 95,000 Cost of goods sold Marketing expense General and administrative expense 33,500 12,000 2,000 47,500 5 47,500 10 Contribution margin 11 Less fixed expenses: 12 13 14 Operating income 15 Marketing expense General and administrative expense $ 19,125 3,375 22,500 5 25,000 Morgantown Coffee sells three small coffees for every large coffee. A small coffee sells for $2.00, with a variable expense of $1.00. A large coffee sells for $4.00, with a variable expense of $2.00