Acme Company is a wholesaler of widgets. Acme's operating income for the current month is...
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Accounting
Acme Company is a wholesaler of widgets. Acme's operating income for the current month is as follows: Each widget sells for $40. Variable selling expenses are $3 per widget, and the remainder of the selling expenses are fixed. Variable administrative expenses are 8% of sales revenue, and the remainder of the administrative expenses are fixed. What is the company's contribution margin? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g.. enter 89 , not $89.00)
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