Oscar Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The contribution margin for October is:

$294,700

Explanation:

Contribution Margin - Sales less Variable Cost

The contribution margin for October is calculated as follows :

Sales                                                       $ 500,000

Less Variable Costs

Cost of goods sold (all variable)           ($ 170,700)

Total variable selling expense              ($ 24,600)

Total variable administrative expense  ($ 10,000)

Contribution Margin                                $294,700

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the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.