problem1: Monsivais Corporation, a manufacturing firm, has provided the following financial information for February:
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
The firm had no beginning or ending inventories.
The contribution margin for February was:
problem3: In December, Barkes Corporation, a manufacturing firm, reported the following financial information:
The firm had no starting or ending inventories.
The gross margin for December was: