) 79 Fitness Club provides monthly membership as well as personal training sessi

Question

) 79 Fitness Club provides monthly membership as well as personal training session. The personal trainers earn 50% of the revenue for all personal training session. The79 Fitness Club also sells nutrition products. Jeans general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year. Membership revenue = $140,000 Personal training revenue = $75,000 Product Sales = $65,000 Cost of product sold = $35,000 Front desk staff wages expense = $12,000 Personal trainer wages expense = ? Space rental expense = $11,000 Straight line depreciation expense = $6,000 Rental insurance expense = $3,000 If a contribution margin income statement is prepared for the year, what is total revenue? Show calculation a. $280,000 b. $215,000 c. $140,000 d. 315,000

Explanation / Answer

a. $280,000

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