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Author Question: The following information for the past year for the Lambert Company has been provided:Fixed ... (Read 86 times)

renzo156

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The following information for the past year for the Lambert Company has been provided:

Fixed costs:
Manufacturing$150,000
Marketing28,000
Administrative21,000
Variable costs:
Manufacturing$132,000
Marketing32,000
Administrative43,000

During the year, the Lambert Company produced and sold 50,000 units of product at a sale price of $10.00 per unit.  There was no beginning inventory of product at the beginning of the year.


What is the contribution margin for the year at the Lambert Company?
◦ $293,000
◦ $500,000
◦ $94,000
◦ $301,000


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Marked as best answer by renzo156 on Jan 5, 2020

bfulkerson77

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renzo156

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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