Problem - Craigs Air Conditioning/Heating reported the following information:
Revenues -$33,500
Variable manufacturing costs- $6,700
Variable nonmanufacturing costs: $6,030
Fixed manufacturing costs-$ 4,690
Fixed nonmanufacturing costs- $4,020
a. Compute contribution margin.
b. Compute contribution percentage..
c. Compute gross margin.
d. Compute gross margin percentage.
e. Compute operating income.