The Following Data Relate to Lebeaux Corporation for the Year

Multiple Choice

The following data relate to Lebeaux Corporation for the year just ended: $\begin{array}{lr}\text { Sales revenue }&\$750,000\\\text { Cost of goods sold: }\\{\text { Variable portion }} & 370,000 \\\text { Fixed portion } & 110,000 \\\text { Variable selling and administrative costs } & 50,000 \\\text { Fixed selling and administrative cost } & 75,000\end{array}$ Which of the following statements is correct?

A) Lebeaux's variable-costing income statement would show a gross margin of $270,000.
B) Lebeaux's variable costing income statement would show a contribution margin of $330,000.
C) Lebeaux's absorption-costing income statement would show a contribution margin of $330,000.
D) Lebeaux's absorption costing income statement would show a gross margin of $330,000.
E) Lebeaux's absorption-costing income statement would show a gross margin of $145,000.