Chance Inc. sold 2,600 units of its product at a price of $114 per unit. Total variable cost per unit is $79, consisting of $46 invariable production cost and $33 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing. A. $119,600 B. $91,000 C. $176,800 D. ($114,400) E. $296,400
Chance Inc. sold 2,600 units of its product at a price of $114 per unit. Total variable cost per unit is $79, consisting of $46 invariable production cost and $33 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing. A. $119,600 B. $91,000 C. $176,800 D. ($114,400) E. $296,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chance Inc. sold 2,600 units of its product at a price of $114 per unit. Total variable cost per unit is $79, consisting of $46 invariable production cost and $33 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
A. $119,600
B. $91,000
C. $176,800
D. ($114,400)
E. $296,400
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