How much is mdi total contribution margin

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Reference no: EM133001138

MDI Enterprises prepared the following income statement for June:

Sales revenue (6,000 units) $150,000

Cost of goods sold:

Fixed costs $18,000

Variable costs 30,000 48,000

Gross profit 102,000

Operating expenses:

Fixed costs 27,000

Variable costs 12,000 39,000

Operating income $ 63,000

Problem 1: How much is MDI's total contribution margin?

Option 1: $120,000

Option 2: $105,000

Option 3: $108,000

Option 4: $93,000

Reference no: EM133001138

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