Nikkel Corporation, a merchandising company, reported the following results for July: Sales $418,000 Cost of goods sold (all variable) $175,500 Total variable selling expense $ 23,700 Total fixed selling expense $ 21,800 Total variable administrative expense $ 16,200 Total fixed administrative expense $ 34,300 The contribution margin for July is: $146,500 $361,900 $202,600 $242,500

Nikkel Corporation, a merchandising company, reported the following results for July:

  Sales    $418,000   
  Cost of goods sold (all variable)    $175,500   
  Total variable selling expense    $  23,700   
  Total fixed selling expense    $  21,800   
  Total variable administrative expense    $  16,200   
  Total fixed administrative expense    $  34,300   

The contribution margin for July is:
 
$146,500
 
$361,900
 
$202,600
 
$242,500


                                        


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