Company XYZ made total contribution margin of $500,000 and a net income of $120,000. The company also made a total gross margin of $390,000. Assume that the variable selling and administrative expenses were $160,000, how much is the fixed manufacturing cost ($)? O a. 270,000 O b. 110,000 O c. 380,000 O d. None of the given answers O e. 270,000

Company XYZ made total contribution margin of $500,000 and a net income of $120,000. The company also made a total gross margin of $390,000. Assume that the variable selling and administrative expenses were $160,000, how much is the fixed manufacturing cost ($)? O a. 270,000 O b. 110,000 O c. 380,000 O d. None of the given answers O e. 270,000

Name: Time left 1Company XYZ made total contribution margin of $500,000 and
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Description: Time left 1Company XYZ made total contribution margin of $500,000 and a net income of$120,000. The company also made a total gross margin of $390,000. Assume that thevariable selling and administrative expenses were $160,000, how much is the fixedma

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 11MCQ: Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett...

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