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24 March, 20:39

The following information is available for Sunland Company:

Sales $590000

Total fixed expenses $150000

Cost of goods sold 390000

Total variable expenses 340000

A CVP income statement would report

a. contribution margin of $250000.

b. contribution margin of $440000.

c. gross profit of $250000.

d. gross profit of $200000.

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Answers (1)
  1. A
    24 March, 21:00
    0
    Contribution margin = 250,000

    Explanation:

    Giving the following information:

    Sales $590,000

    Total fixed expenses $150,000

    Cost of goods sold $390,000

    Total variable expenses $340,000

    A CVP income statements provides the following structure:

    Sales = 590,000

    Total variable costs = (340,000)

    Contribution margin = 250,000
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Home » Business » The following information is available for Sunland Company: Sales $590000 Total fixed expenses $150000 Cost of goods sold 390000 Total variable expenses 340000 A CVP income statement would report a. contribution margin of $250000. b.
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