If Contribution Margin Is $120,000, Sales Is $300,000, and Net

Short Answer

If contribution margin is $120,000, sales is $300,000, and net income is $40,000, then variable and fixed expenses are $\begin{array}{lll}&\text { Variable }& \text { Fixed }\\\text { a. } & \$ 180,000 & \$ 260,000 \\\text { b. } & \$ 180,000 & \$ 80,000 \\\text { c. } & \$ 80,000 & \$ 180,000 \\\text { d. } & \$ 420,000 & \$ 260,000\end{array}$