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Calculate the net income for the overall company for june

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Question - The Gasson Company sells three products, Product A, Product B, and Product C. The total sales for the overall company were $1,000,000 during the month of June. During June, the company reported an overall contribution margin ratio of 37% and the total fixed costs for the entire company were $350,000. During June, Product A had sales of $500,000; Product B had sales of $300,000; and sales of Product C totaled $200,000. The traceable fixed costs for each product were: Product A, $120,000; Product B, $100,000; and Product C, $60,000. The variable costs of Product A were $300,000 and the variable costs of Product B were $180,000. Calculate the net income for the overall company for June.

Reference no: EM132522338

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