A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 88 Units in beginning inventory 0 Units produced 5,200 Units sold 4,900 Units in ending inventory 300 Variable costs per unit: Direct materials $ 12 Direct labor $ 23 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 161,200 Fixed selling and administrative expense $ 63,700 The total contribution margin for the month under variable costing is:
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 88 Units in beginning inventory 0 Units produced 5,200 Units sold 4,900 Units in ending inventory 300 Variable costs per unit: Direct materials $ 12 Direct labor $ 23 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 161,200 Fixed selling and administrative expense $ 63,700 The total contribution margin for the month under variable costing is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
| Selling price | $ | 88 |
| Units in beginning inventory | 0 | |
| Units produced | 5,200 | |
| Units sold | 4,900 | |
| Units in ending inventory | 300 | |
| Variable costs per unit: | ||
| Direct materials | $ | 12 |
| Direct labor | $ | 23 |
| Variable manufacturing |
$ | 2 |
| Variable selling and administrative expense | $ | 5 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 161,200 |
| Fixed selling and administrative expense | $ | 63,700 |
The total contribution margin for the month under variable costing is:
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