Galino Company, which has only one product, has provided the following data concerning its most recent month of operations:
-The total contribution margin for the month under the variable costing approach is:
A)$124,800
B)$49,400
C)$20,400
D)$143,000

Question

Galino Company, which has only one product, has provided the following data concerning its most recent month of operations: 
-The total contribution margin for the month under the variable costing approach is:
A)$124,800 
B)$49,400 
C)$20,400 
D)$143,000

Quizplus · Accepted Answer

The total contribution margin under the variable costing approach is calculated by subtracting total variable costs from total sales revenue. The correct answer is $124,800, which represents the contribution margin after accounting for variable costs.

Galino Company, Which Has Only One Product, Has Provided the Following