At a sales level of $365,000, Lewis Company's gross profit is $20,000 less than its contribution margin, its net operating income is $70,000, and its selling and administrative expenses total $130,000. At this sales level, its contribution margin would be:
A. $180,000
B. $220,000
C. $295,000
D. $200,000

Question

saroz2070 saroz2070

07-06-2024
Mathematics

Answered

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At a sales level of $365,000, Lewis Company's gross profit is $20,000 less than its contribution margin, its net operating income is $70,000, and its selling and administrative expenses total $130,000. At this sales level, its contribution margin would be:
A. $180,000
B. $220,000
C. $295,000
D. $200,000

Sagot :

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