The Following Information Is Available for Chap Company Which Amount Would You Find on Chap's CVP Income Statement

question 103

Multiple Choice

The following information is available for Chap Company: $\begin{array}{ll}\text {Sales }&\$350,000\\\text {Total fixed expenses. }&\$60,000\\\text {Cost of goods sold }&120,000\\\text {Total variable expenses }&100,000\\\end{array}$
Which amount would you find on Chap's CVP income statement?

• A)contribution margin of $250,000
• B)contribution margin of $190,000
• C)gross profit of $230,000
• D)gross profit of $190,000

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