(Answered) Problem - craigs air conditioningheating reported the

Accounting

Problem - Craigs Air Conditioning/Heating reported the following information:

Revenues -$33,500

Variable manufacturing costs- $6,700

Variable nonmanufacturing costs: $6,030

Fixed manufacturing costs-$ 4,690

Fixed nonmanufacturing costs- $4,020

a. Compute contribution margin.

b. Compute contribution percentage..

c. Compute gross margin.

d. Compute gross margin percentage.

e. Compute operating income.

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