Company XYZ made total contribution margin of $900,000 and a net income of $80,000. The company also made a total gross margin of $630,000. Assume that the variable selling and administrative expenses were $320,00O, how much is the fixed manufacturing cost ($)? O a. 550,000 O b. 590,000 O c. 820,000 O d. None of the given answers O e. 230,000
Company XYZ made total contribution margin of $900,000 and a net income of $80,000. The company also made a total gross margin of $630,000. Assume that the variable selling and administrative expenses were $320,00O, how much is the fixed manufacturing cost ($)? O a. 550,000 O b. 590,000 O c. 820,000 O d. None of the given answers O e. 230,000
Chapter1: Financial Statements And Business Decisions
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Company XYZ made total contribution margin of $900,000 and a net
income of $80,000. The company also made a total gross margin of
$630,000. Assume that the variable selling and administrative
were $320,000, how much is the fixed manufacturing cost ($)?
expenses
O a. 550,000
O b. 590,000
Ос. 820,000
O d. None of the given answers
е. 230,000
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