Question

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all variable) $ 169,100 Total variable selling expense $ 20,700 Total fixed selling expense $ 17,900 Total variable administrative expense $ 13,100 Total fixed administrative expense $ 30,400 The contribution margin for October is:

Answer 1

Answer:

Total contribution margin= $210,100

Explanation:

Giving the following information:

Sales $ 413,000

Cost of goods sold (all variable) $ 169,100

Total variable selling expense $ 20,700

Total variable administrative expense $ 13,100

The contribution margin is the result of deducting from sales, all variable expenses:

Total contribution margin= 413,000 - 169,100 - 20,700 - 13,100

Total contribution margin= $210,100