Asked by
wenle huang
on Oct 11, 2024Verified
The total contribution margin for the month under variable costing is:
A) $70,400
B) $149,600
C) $166,600
D) $91,800
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is contributing to fixed expenses and net income.
Variable Costing
An accounting method that only considers variable costs (costs that vary with the level of output) when calculating the cost of goods sold and production.
- Understand and calculate the contribution margin under variable costing.
Verified Answer
CB
Learning Objectives
- Understand and calculate the contribution margin under variable costing.
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