Ask Question
22 November, 15:44

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. Thecompany's selling and administrative expenses are $300,000 variable and $360,000fixed. If the company's sales is $1,680,000, what is its contribution margin?

+2
Answers (1)
  1. 22 November, 16:12
    0
    Contribution margin = $960,000

    Explanation:

    Giving the following information:

    Hinge Manufacturing's:

    Cost of goods sold variable = $420,000

    Cost of goods sold fixed = $240,000

    The company's selling and administrative expenses are $300,000

    variable and $360,000fixed.

    If the company's sales are $1,680,000

    Sales = 1680000

    Variable cost of goods sold = 420000

    Variable selling and administrative expenses=300000

    Contribution margin = $960,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. Thecompany's selling and administrative expenses are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers