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Author Question: Family Furniture sells a table for $900. Its fixed costs are $30,000, while its variable costs are ... (Read 236 times)

luminitza

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Question 1

Contribution margin equals ________.
◦ revenues minus period costs
◦ revenues minus product costs
◦ revenues minus variable costs
◦ revenues minus fixed costs

Question 2

Family Furniture sells a table for $900. Its fixed costs are $30,000, while its variable costs are $600 per table. It currently plans to sell 175 tables this month.

What is the budgeted revenue for the month assuming that Family Furniture sells 175 tables?
◦ $52,500
◦ $157,500
◦ $127,500
◦ $105,000


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Marked as best answer by luminitza on Mar 6, 2021

Brummell1998

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