The Joshua Company Has Gathered the Following Information There Were No Beginning or Ending Inventories

question 4

Essay

The Joshua Company has gathered the following information: $\begin{array}{ll}\text { Sales } & \$ 124,000 \\\text { Direct materials used } & 25,800 \\\text { Direct labor } & 15,200 \\\text { Fixed: } & \\\text { Factory overhead } & 12,400 \\\text { Selling exp enses } & 4,200 \\\text { Administrative expenses } & 8,600 \\\text { Variable: } & \\\text { Factory overhead } & 6,600 \\\text { Selling expenses } & 8,800 \\\text { Administrative expenses } & 4,600\end{array}$ There were no beginning or ending inventories. Calculate the following:
a. Contribution margin
b. Gross margin
c. Total product cost
d. Total period cost

---

Definitions:

Insane Person

Refers to an individual with severe mental illness to the point where they cannot understand the nature or consequences of their actions.

Status Indian

A legal identification in Canada for a First Nations person who is registered under the Indian Act, granting them specific rights and benefits.

Legal Relationship

A connection between entities or individuals that is recognized and regulated by law.

Presumptions

In legal contexts, assumptions made by the law that hold until disproven.