Company manufactures widgets. The following data is related to sales and production of the widgets for last Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) $120 $63 $5 OA $52,000 $63.000 $30,000 $7,000 1,800 1,000 Units produced during the year Units sold during year Using variable costing, what is the contribution margin for last year?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Watkins Company manufactures widgets. The following data is related to sales and production of the widgets for last year.
Selling price per unit
Variable manufacturing costs per unit
Variable selling and administrative expenses per unit
Fixed manufacturing overhead (in total)
Fixed selling and administrative expenses (in total)
Units produced during the year
Units sold during year
Using variable costing, what is the contribution margin for last year?
OA. $52,000
OB. $63,000
OC. $15,000
OD. $120,000
$120
$63
$5
$30,000
$7,000
1,800
1,000
(1)
Transcribed Image Text:↑ Watkins Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year Using variable costing, what is the contribution margin for last year? OA. $52,000 OB. $63,000 OC. $15,000 OD. $120,000 $120 $63 $5 $30,000 $7,000 1,800 1,000 (1)
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