Question

Company XYZ made sales of $180,000 during 2019. The fixed expenses were $90,000 and the variable expenses were $50,000. The cost of goods sold was $35,000. Calculate the gross margin for XYZ. Select one: ? a. $90,000 ? b. None of the answers given ? c. $40,000 ? d. $135,000 ? e. $130,000 ? f. $145,000 Mct Company's total sales are $190,000. The company's direct material cost is $25,000. Its direct labor cost is $34,000. Its total manufacturing overhead costs consists of $15,000 variable costs and $30,000 fixed costs. Its total selling and administrative expense consists of $5,000 variable costs and 17,000 fixed costs. What is the total contribution margin?

          Company XYZ made sales of $180,000 during 2019. The fixed expenses were $90,000 and the variable expenses were $50,000. The cost of goods sold was $35,000. Calculate the gross margin for XYZ.
Select one:
? a. $90,000
? b. None of the answers given
? c. $40,000
? d. $135,000
? e. $130,000
? f. $145,000
Mct Company's total sales are $190,000. The company's direct material cost is $25,000. Its direct labor cost is $34,000. Its total manufacturing overhead costs consists of $15,000 variable costs and $30,000 fixed costs. Its total selling and administrative expense consists of $5,000 variable costs and 17,000 fixed costs. What is the total contribution margin?

Company XYZ made sales of 180,000 during 2019. The fixed expenses were90,000 and the variable expenses were 50,000. The cost of goods sold was35,000. Calculate the gross margin for XYZ.
Select one:
? a. 90,000
? b. None of the answers given
? c.40,000
? d. 135,000
? e.130,000
? f. 145,000
Mct Company's total sales are190,000. The company's direct material cost is 25,000. Its direct labor cost is34,000. Its total manufacturing overhead costs consists of 15,000 variable costs and30,000 fixed costs. Its total selling and administrative expense consists of 5,000 variable costs and 17,000 fixed costs. What is the total contribution margin?

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