Calip Corporation,a merchandising company,reported the following results for October: The contribution margin for October is:

Question

Calip Corporation,a merchandising company,reported the following results for October:  The contribution margin for October is:

Quizplus · Accepted Answer

Contribution margin = Sales - Variable expenses
From the given data:
Sales revenue = $482,000
Variable expenses = $250,000 (COGS) + $165,000 (Selling expenses) + $35,000 (Other variable expenses) = $450,000
Contribution margin = $482,000 - $450,000 = $32,000
Therefore, the contribution margin for October is $232,000.

Calip Corporation,a Merchandising Company,reported the Following Results for October