Solved

Hinge Manufacturing's Cost of Goods Sold Is $420,000 Variable and $240,000

Question 45

Multiple Choice

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed.The company's selling and administrative expenses are $300,000 variable and $360,000 fixed.
-If the company's sales is $1,480,000, what is its contribution margin?


A) $160,000
B) $760,000
C) $820,000
D) $880,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: Contribution margin is the amount of revenue

Q37: The CVP income statement classifies costs as

Q43: A company can sell all the units

Q44: For Franklin, Inc., sales is $1,500,000, fixed

Q46: For Buffalo Co., at a sales level

Q47: Warner Manufacturing reported sales of $2,000,000 last

Q48: Ramirez Corporation sells two types of computer

Q71: Sales mix is not important to managers

Q79: Outsourcing production will<br>A) reduce fixed costs and

Q105: If a company has limited machine hours