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Power on the Go buys portable generators for $450 and sells them for $740. The...

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Accounting

Power on the Go buys portable generators for $450 and sells them for $740. The company pays a sales commission of 5% of sales revenue to the sales staff. The company pays $4,000 a month rent for the store, and also pays $1,800 a month to staff in addition to the commissions. The company sold 700 generators in June. If the company prepares a contribution margin income statement for the month of June, what would be the contribution margin?
A. $177,100
B. $340,900
C. $203,000
D. $518,000
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