Company utilized JIT production system and there are no Raw Materials, Work-in-process or finished goods inventories Determine: Contribution Margin Percentage
Givenfollowing total used to create CVP income statement Sales (100 units) $10,000Variable
costs:
Direct labor $1,000
Direct Materials 1,700
Factory overhead 1,900
Selling Expenses 500
Administrative Expense 9,000
Company utilized JIT production system and there are no Raw Materials, Work-in-process or finished goods inventories
Determine: