Q1) Monsivais Corporation, a manufacturing company, has given financial data for February:
|
Sales
|
$470,000
|
|
variable production expense
|
$81,000
|
|
Variable selling expense
|
$11,000
|
|
Variable administrative expense
|
$40,000
|
|
Fixed production expense
|
$86,000
|
|
Fixed selling expense
|
$73,000
|
|
Fixed administrative expense
|
$139,000
|
Company had no beginning or ending inventories.
Contribution margin for February was:
a. $338,000
b. $303,000
c. $172,000
d. $40,000