Assume that you are part of the accounting team for Koller Computing. The company currently expects to sell 700 units for total revenue of $17,500 each month. Koller Computing estimates direct materials costs of $3,150, direct labor costs of $4,200, variable overhead costs of $2,100, and variable selling and administrative costs of $1,050. The company also expects fixed costs of $4,000, which includes fixed overhead and selling and administrative costs. Using this information, complete the contribution margin income statement shown below. Kindly select which of the two is the correct answer in the sales colum as well as input the correct $ values in the corresponding columns

Sales $
a. Less: variable cost b. Less: Fixed Cost $
b. Contrubution margin b. Gross margin $
a. Less: variable cost b. Less: Fixed Cost $
Operating income $

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.