Answer with brief explanation 13. Bear Publishing sells a nature guide. Th

Answer with brief explanation

13. Bear Publishing sells a nature guide. The following information was reported for a typical month:
Total

Per Unit

Sales

$ 17600

$ 16.00

Variable expenses

9680

8.80

Contribution margin

7920

$ 7.20

Fixed expenses

3600

Net operating income

$ 4320
Bear is expecting a 20 cent increase in variable expenses. No other changes are expected or planned. How much contribution margin should Bear expect after
the increase?
Answer
A. $7700 B. $4100 C. $9900 D. Cannot be determined.
Question 14 and 15 use the following
information:

In October Haldeman Corporation a manufacturing company reported
the following financial data:

Sales

$ 460000

Variable COGS

89000

Fixed COGS

107000

Variable selling expense

22000

Fixed selling expense

59000

Variable administrative expense

67000

Fixed administrative expense

111000
14. In a contribution format income statement the contribution margin for October was: Answer A. $5000 B. $183000 C. $264000
D. $282000

15. In a traditional format income statement the
gross margin for October was:
Answer
A. $282000 B. $183000 C. $264000
D. $5000