QUESTION 36

1. Pride's contribution margin income statement is as follows:

   Sales (10,000 units)	$180,000
   Less variable COGS	(45,000)
   Less variable selling cost	(10,000)
   Contribution margin	$125,000
   Less fixed COGS	(24,000)
   Less fixed selling cost	(14,000)
   Net income	$87,000

   What GROSS MARGIN would appear on a TRADITIONAL income statement?

   		$87,000
   		$125,000
   		$111,000
   		$101,000