Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows: All variable costs are product costs, and the total fixed costs of $300,000 are made up of fixed product costs of $100,000 and selling and general expenses of $200,000. What is Ellis Electrical's contribution margin in dollars and as a percentage? What is Ellis Electrical's gross profit margin in dollars and as a percentage?

Question

Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows:  All variable costs are product costs, and the total fixed costs of $300,000 are made up of fixed product costs of $100,000 and selling and general expenses of $200,000. What is Ellis Electrical's contribution margin in dollars and as a percentage? What is Ellis Electrical's gross profit margin in dollars and as a percentage?

Quizplus · Accepted Answer

The Answer of Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows:  All variable costs are product costs, and the total fixed costs of $300,000 are made up of fixed product costs of $100,000 and selling and general expenses of $200,000. What is Ellis Electrical's contribution margin in dollars and as a percentage? What is Ellis Electrical's gross profit margin in dollars and as a percentage?

Ellis Electrical Products Serves Both Residential and Commercial Clients