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 $320,00O, how much is the fixed manufacturing cost ($)? O'a. 550,00O O b. 230,00O O c. 820,00O O d. None of the given answers e. 590,000

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 $320,00O, how much is the fixed manufacturing cost ($)? O'a. 550,00O O b. 230,00O O c. 820,00O O d. None of the given answers e. 590,000

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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