The following information is available for Sunland Company: Sales $590000 Total fixed expenses $150000 Cost of goods sold 390000 Total variable expenses 340000 A CVP income statement would report a. contribution margin of $250000. b. contribution margin of $440000. c. gross profit of $250000. d. gross profit of $200000.

1 answer
Question:

The following information is available for Sunland Company:
Sales $590000
Total fixed expenses $150000
Cost of goods sold 390000
Total variable expenses 340000
A CVP income statement would report
a. contribution margin of $250000.
b. contribution margin of $440000.
c. gross profit of $250000.
d. gross profit of $200000.

Answers

Answer:Contribution margin= 250,000 Explanation:Giving the following information:Sales $590,000Total fixed expenses $150,000Cost of goods sold $390,000Total variable expenses $340,000A CVP income statements provides the following structure:Sales= 590,000Total variable costs= (340,000)Contribution margin= 250,000

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