The Following Information Is Available for Masun Company A CVP Income Statement Would Report
A) Gross Profit of l

question 5

Multiple Choice

The following information is available for Masun Company: $$\begin{array} { l r l r } \text { Sales } & \$ 550,000 & \text { Total fixed expenses } & \$ 150,000 \\\text { Cost of goods sold } & 390,000 & \text { Total variable expenses } & \$ 370,000\end{array}$$ A CVP income statement would report

• A) gross profit of $160000.
• B) contribution margin of $400000.
• C) gross profit of $180000.
• D) contribution margin of $180000.

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