International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of...
International Imports is a merchandising Firm. Last year they
reported sales of $674,500 and cost of goods sold of $404,700. The
company's total variable selling and administrative expense was
$60,705, and fixed selling and administrative expense was $53,960.
The total contribution margin for the firm is:
$209,095
$613,795
$559,835
$215,840
Homework Answers
Contribution Margin =sales Revenue - Variable cost
Contribution Margin = 674,500-404,700-60,705 = $209,095 (Answer)
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International Imports is a merchandising Firm. Last year they
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