Nikkel corporation, a merchandising company, reported the following results for july: sales $406,000 cost of goods sold (all variable) $175,800 total variable selling expense $25,200 total fixed selling expense $16,100 total variable administrative expense $12,700 total fixed administrative expense $33,000 the contribution margin for july is:

The contribution margin for July is $192,300

Explanation:

The contribution margin is calculated by using following formula:

Contribution margin = Total sales – Total variable costs

In Nikkel Corporation,

Total sales = $406,000

Total variable costs = Cost of goods sold + Total variable selling expense + Total variable administrative expense = $175,800 + $25,200 + $12,700 = $213,700

Contribution margin = $406,000 - $213,700 = $192,300

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds