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What was the total contribution margin of Porter Company

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Reference no: EM132786726

Problem - Porter Company has provided the following data for the second quarter of the most recent year:

Sales $330,000

Fixed Manufacturing Overhead $50,000

Direct Labour $71200

Fixed Selling Expenses $45,250

Variable Manufacturing Overhead $40,350

Variable Administrative Expenses $49,700

Direct Materials $49,850

Fixed Administrative Expenses $44,000

Variable Selling Expenses $49,000

Assume that direct labour is a variable cost and that there were no beginning or ending inventories.

Required -

A. What was the total contribution margin of Porter Company for the second quarter?

B. What was the gross margin for Porter Company for the second quarter?

Reference no: EM132786726

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