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Silverado Company incurred the following costs in the production of 10,0UL units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 Assuming all the 10,000 units produced was subsequently sold, the total contribution margin Silverado Company is: 1. 6,920,000 2. 2,420,000 3. 4,100,000 4. 4,500,000

Silverado Company incurred the following costs in the production of 10,0UL units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 Assuming all the 10,000 units produced was subsequently sold, the total contribution margin Silverado Company is: 1. 6,920,000 2. 2,420,000 3. 4,100,000 4. 4,500,000

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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Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 Assuming all the 10,000 units produced was subsequently sold, the total contribution margin Silverado Company is: 1. 6,920,000 2. 2,420,000 3. 4,100,000 4. 4,500,000 O 1 O 2 O 3 4
Transcribed Image Text:Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 Direct material 150 Direct labor 120 Variable overhead 100 Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 Assuming all the 10,000 units produced was subsequently sold, the total contribution margin Silverado Company is: 1. 6,920,000 2. 2,420,000 3. 4,100,000 4. 4,500,000 O 1 O 2 O 3 4
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