Compute the contribution margin for the video department,when gross profit is $880,000,direct expenses $370,000,and indirect expenses are $190,000.

Name: Compute the contribution margin for the video department,when gross profit is $880,000,direct expenses $370,000,and indirect expenses are $190,000.
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Question

Quizplus · Accepted Answer

Contribution Margin = Gross Profit - Direct Expenses
Contribution Margin = $880,000 - $370,000
Contribution Margin = $510,000
Therefore, the contribution margin for the video department is $510,000.

Compute the Contribution Margin for the Video Department,when Gross Profit