Answer:
Contribution margin= $960,000
Explanation:
Giving the following information:
Hinge Manufacturing's:
Cost of goods sold variable= $420,000
Cost of goods sold fixed= $240,000
The company's selling and administrative expenses are $300,000
variable and $360,000fixed.
If the company's sales are $1,680,000
Sales= 1680000
Variable cost of goods sold= 420000
Variable selling and administrative expenses=300000
Contribution margin= $960,000
