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Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 106 Units in beginning inventory 0 Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: Direct materials $ 46 Direct labor $ 28 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 33,800 Fixed selling and administrative expense $ 8,800 The total contribution margin for the month under variable costing is: $66,000 $50,600 $37,400 $16,800

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 106 Units in beginning inventory 0 Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: Direct materials $ 46 Direct labor $ 28 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 33,800 Fixed selling and administrative expense $ 8,800 The total contribution margin for the month under variable costing is: $66,000 $50,600 $37,400 $16,800

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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Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 106 Units in beginning inventory 0 Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: Direct materials $ 46 Direct labor $ 28 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 33,800 Fixed selling and administrative expense $ 8,800 The total contribution margin for the month under variable costing is: $66,000 $50,600 $37,400 $16,800
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