The Following Data Relate to Lebeaux Corporation for the Year

question 19

Multiple Choice

The following data relate to Lebeaux Corporation for the year just ended: $\begin{array}{lr}\text { Sales revenue }&\$750,000\\\text { Cost of goods sold: }\\{\text { Variable portion }} & 370,000 \\\text { Fixed portion } & 110,000 \\\text { Variable selling and administrative costs } & 50,000 \\\text { Fixed selling and administrative cost } & 75,000\end{array}$ Which of the following statements is correct?

• A) Lebeaux's variable-costing income statement would show a gross margin of $270,000.
• B) Lebeaux's variable costing income statement would show a contribution margin of $330,000.
• C) Lebeaux's absorption-costing income statement would show a contribution margin of $330,000.
• D) Lebeaux's absorption costing income statement would show a gross margin of $330,000.
• E) Lebeaux's absorption-costing income statement would show a gross margin of $145,000.

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Definitions:

Ovulation

The release of an egg from the ovary, a key phase in the menstrual cycle crucial for reproduction.

Cervical Mucus

A fluid secreted by the cervix, which changes in consistency and volume throughout the menstrual cycle, playing a key role in fertility.

Female Condom

A barrier contraceptive device that is inserted into the vagina to prevent sperm from reaching the uterus, thereby avoiding pregnancy and reducing the risk of STDs.

Spermicide

A substance that is toxic to sperm.