WileyPLI LUS Kmmel, Accounting, 6e PRINCIP y&Practice; Assignment Gradebeok ORIO

Question

WileyPLI LUS Kmmel, Accounting, 6e PRINCIP y&Practice; Assignment Gradebeok ORION Downloadable Textbook art Time: 05:16 PM/Remaining 51 min CALCULATOR FULI RCES Question 1 The following information is available for Marigold Corp Sales Cost of goods sold 310000 Total variable expenses A CVP income statement would report O contribution margin of $230000. O gross profit of $180000. $490000 Total fixed expenses $150000 260000 contribution margin of $340000. gross profit of $230000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0

Explanation / Answer

$

sales

490000

Less: Variable expense

260000

Contribution Margin

230000

Cost of goods sold include not variable cost but also fixed costs. so for contribution margin only variable expense will be considered

$

sales

490000

Less: Variable expense

260000

Contribution Margin

230000

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