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Management of ABC Corporation, the manufacturing company, has provided the given data for February:

Sales                                        $550,000
variable production expense      $104,000
Fixed production expense           $122,000
Variable selling expense               $24,000
Fixed selling expense                     $102,000
Variable administrative expense  $56,000
Fixed administrative expense        $116,000

Contribution margin for February was:

i) $366,000

ii) $210,000

iii) $26,000

iv) $324,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M99271

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