International Imports is a merchandising firm.Last year they reported sales of $674,500 and cost of goods sold of $404,700.The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960.The total contribution margin for the firm is
A)$209,095.
B)$613,795.
C)$559,835.
D)$215,840.

Question

Quizplus · Accepted Answer

Total contribution margin = sales - cost of goods sold - variable selling and administrative expenses 
= $674,500 - $404,700 - $60,705 
= $209,095

International Imports Is a Merchandising Firm