60.1K
Verified Solution
Link Copied!
You are provided with the following amounts for a company. You are also told that the company has no fixed manufacturing overhead.
Fixed administrative expense $65,000
Contribution margin $180,000
Gross margin $273,000
Variable selling expense $16,000
Sales $740,000
Variable administrative expense ?
Cost of goods sold ?
a) How much is variable administrative expense?
b) How much is net operating income (loss)?
Answer & Explanation
Solved by verified expert