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3 February, 00:29

Calip Corporation, a merchandising company, reported the following results for October: Sales $427,000 Cost of goods sold (all variable) $173,400 Total variable selling expense $21,200 Total fixed selling expense $18,900 Total variable administrative expense $9,600 Total fixed administrative expense $36,300 The contribution margin for October is:

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  1. 3 February, 00:39
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    Answer: $222,800

    Explanation:

    Given that,

    Sales = $427,000

    Cost of goods sold (all variable) = $173,400

    Total variable selling expense = $21,200

    Total fixed selling expense = $18,900

    Total variable administrative expense = $9,600

    Total fixed administrative expense = $36,300

    Variable expenses:

    = Cost of goods sold + Variable selling expense + Variable administrative expense

    = $173,400 + $21,200 + $9,600

    = $204,200

    Contribution margin = Sales - Variable expenses

    = $427,000 - $204,200

    = $222,800
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