The Book Rack Has Two Locations, Downtown and on Campus

question 83

Multiple Choice

The Book Rack has two locations, downtown and on campus.During March, the company reported net income of $164,000 and sales of $1.2 million.The contribution margin in the downtown store was $320,000 (32% of sales) .The contribution margin in the campus store is $110,000.Direct fixed costs are $90,000 in the downtown store and $93,000 in the campus location.How much are total variable costs?

• A)$953,000
• B)$770,000
• C)$680,000
• D)$430,000

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Definitions:

Malignant

Refers to cancerous cells that have the ability to invade and destroy nearby tissue and spread to other parts of the body.

Milliliter

A unit of volume in the metric system, equivalent to one thousandth of a liter, often used in medicine and cooking.

Abbreviation

A simplified version of a word or phrase.

Iron

A chemical element with symbol Fe, known for its strength and magnetic properties, essential in hemoglobin for oxygen transport in the blood.