Eugene pulled together the following annual revenue and cost information for his small business: total...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Eugene pulled together the following annual revenue and cost information for his small business: total variable costs $7,500, total COGS $6,000, total revenues $21,000, total fixed costs $3,900, and total SG\&A $5,400. Determine the contribution margin, gross margin, and operating income for Eugene for the year. Contribution margin $ $$
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Eugene pulled together the following annual revenue and cost information for his small business: total variable costs $7,500, total COGS $6,000, total revenues $21,000, total fixed costs $3,900, and total SG\&A $5,400. Determine the contribution margin, gross margin, and operating income for Eugene for the year. Contribution margin $ $$ 