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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records ...

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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records ...

Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following:

	This Year	Last Year
Units Sold	250,000	200,000
Sales	$ 1,250,000	$ 1,000,000
Cost of goods sold	875,000	700,000
Gross margin	375,000	300,000
Selling and administrative expenses	222,000	210,000
Net operating income	$ 153,000	$ 90,000

What is the company's contribution margin for this year? (Round your intermediate calculations to 2 decimal places.)

▸ $315,000

▸ $(667,500)

▸ $375,000

▸ $213,000

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Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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