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bernie2981 bernie2981
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8 years ago
Jeans's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products. Jeans's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year.

Account   Amount   Account   Amount
Membership revenue   $140,000   Personal trainer wages expense   ?
Personal training revenue   $75,000   Space rental expense   $11,000
Product sales   $65,000   Straight line depreciation expense   $6,000
Cost of product sold   $35,000   Rental insurance expense   $3,000
Front desk staff wages expense   $12,000      

If a contribution margin income statement is prepared for the year, what is the contribution margin?
A) $72,500
B) $280,000
C) $352,500
D) $207,500
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
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