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Business, 23.02.2021 01:30 kebo63

Assume (1) total sales are $300,000, (2) the direct labor cost of $40,000 is 25% of total conversion costs and 20% of total prime costs, (3) the total selling and administrative expense is $62,000, (4) the only variable selling and administrative expense is sales commissions of 7% of sales, (5) all manufacturing overhead costs are fixed costs, and (6) there are no beginning or ending inventories. What is the total contribution margin

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Assume (1) total sales are $300,000, (2) the direct labor cost of $40,000 is 25% of total conversion...
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