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Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of opera Selling price $4 99 Units in beginning inventory Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit: Direct materials 24 20 Direct labor 2$ 40 Variable manufacturing overhead Variable selling and administrative expense 24 6. 2$ 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $54,900 $ 3,500

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of opera Selling price $4 99 Units in beginning inventory Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit: Direct materials 24 20 Direct labor 2$ 40 Variable manufacturing overhead Variable selling and administrative expense 24 6. 2$ 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $54,900 $ 3,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 24 99 Units in beginning inventory Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit: Direct materials 24 20 Direct labor 2$ 40 Variable manufacturing overhead Variable selling and administrative expense 24 $ 6. 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $54,900 $ 3,500 The total contribution margin for the month under variable costing is: Multiple Choice
Transcribed Image Text:Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 24 99 Units in beginning inventory Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit: Direct materials 24 20 Direct labor 2$ 40 Variable manufacturing overhead Variable selling and administrative expense 24 $ 6. 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $54,900 $ 3,500 The total contribution margin for the month under variable costing is: Multiple Choice
The total contribution margin for the month under variable costing is: Multiple Choice $58,470 $116,870 $61,970 $132,990
Transcribed Image Text:The total contribution margin for the month under variable costing is: Multiple Choice $58,470 $116,870 $61,970 $132,990
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