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The Sabian company manufactures drums and sells them to colleges for marching bands. This last quarter, Sabian sold $500,000 with fixed costs of $150,000 and a contribution margin of $150,000. What were Sabian’s variable costs for the quarter?

Respuesta :

Answer:

$350,000

Explanation:

Sales = $500,000

Fixed cost = $150,000

Contribution margin = $150,000

Margin = Sales - Variable cost

Variable cost = Sales - Contribution margin

                     = $500,000 - $150,000

                     = $350,000

Sabian’s variable costs for the quarter $350,000.

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