Question: Let's try another version of Example #6 in the example packet. Suppose Revenues are $503,463 Cost of Goods sold, representing the cost of products sold,
Let's try another version of Example #6 in the example packet. Suppose Revenues are $503,463 Cost of Goods sold, representing the cost of products sold, is made up of $62,393 of fixed costs and $89,683 of variable costs. Period expenses (sales, marketing and administrative expenses) are made up of $30000 of variable costs and $50000 in fixed costs. Prepare a contribution margin income statement. What is Total Contribution Margin that would appear on the statement?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
