Company XYZ made total contribution margin of $900,000 and a net income of $80,000. The company also made a total gross margin of $630,000. Assume that the variable selling and administrative expenses were $320,000, how much is the fixed manufacturing cost ($)? O a. None of the given answers O b. 230,000 O c. 550,000 O d. 590,000 O e. 820,000

Company XYZ made total contribution margin of $900,000 and a net income of $80,000. The company also made a total gross margin of $630,000. Assume that the variable selling and administrative expenses were $320,000, how much is the fixed manufacturing cost ($)? O a. None of the given answers O b. 230,000 O c. 550,000 O d. 590,000 O e. 820,000

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Description: Company XYZ made total contribution margin of $900,000 and a net income of $80,000. Thecompany also made a total gross margin of $630,000. Assume that the variable selling andadministrative expenses were $320,000, how much is the fixed manufacturing

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 14EB: Company A has current sales of $4,000,000 and a 45% contribution margin. Its fixed costs are...

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