Company had no beginning or ending inventories., Ask an Expert

Accounting

Q1) Monsivais Corporation, a manufacturing company, has given financial data for February:

Sales	$470,000
variable production expense	$81,000
Variable selling expense	$11,000
Variable administrative expense	$40,000
Fixed production expense	$86,000
Fixed selling expense	$73,000
Fixed administrative expense	$139,000

Company had no beginning or ending inventories.

Contribution margin for February was:

a. $338,000

b. $303,000

c. $172,000

d. $40,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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