The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing$130,000Marketing18,000Administrative21,000Variable costs: Manufacturing$113,000Marketing35,000Administrative38,000 During the year, the company produced and sold 60,000units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin for the year?

Sales = 60,000 * 19.19 Sales = $1,151,400

Answered: Fixed costs: Manufacturing $130,000…

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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The following information for the past year for the Blaine Corporation has been provided:

Fixed costs:
Manufacturing	$130,000
Marketing	18,000
Administrative	21,000
Variable costs:
Manufacturing	$113,000
Marketing	35,000
Administrative	38,000

During the year, the company produced and sold 60,000
units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year.

What is the contribution margin for the year?

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