Calculation of contribution margin and gross margin using

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Reference no: EM13356659

Calculation of Contribution margin and gross margin using Marginal costing.

1. Monsivais Corporation, a manufacturing company, has provided the following financial data for February:

Sales $470,000

Variable production expense $81,000

Variable selling expense $11,000

Variable administrative expense $40,000

Fixed production expense $86,000

Fixed selling expense $73,000

Fixed administrative expense $139,000

The company had no beginning or ending inventories.

The contribution margin for February was:

a. $338,000

b. $303,000

c. $172,000

d. $40,000

2. In December, Barkes Corporation, a manufacturing company, reported the following financial data:

The company had no beginning or ending inventories.

The gross margin for December was:

a. $201,000

b. $181,000

c. $121,000

d. $32,000

Reference no: EM13356659

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