The total contribution margin for the month under variable costing is: Multiple Choice $225,400 $249,900 $64,200 $98,000

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 1E: At the end of the first year of operations, 21,500 units remained in the finished goods inventory....
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100%
xpense
$ 63,700
The total contribution margin for the month under variable costing is:
Multiple Choice
$225,400
$249,900
$64,200
$98,000
Transcribed Image Text:xpense $ 63,700 The total contribution margin for the month under variable costing is: Multiple Choice $225,400 $249,900 $64,200 $98,000
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
$ 88
Selling price
Units in beginning inventory
Units produced
5,200
Units sold
4,900
300
Units in ending inventory
Variable costs per unit:
$ 12
Direct materials
$23
Direct labor
$ 2
Variable manufacturing overhead
Variable selling and administrative expense
$ 5
Fixed costs:
$161,200
Fixed manufacturing overhead
Fixed selling and administrative expense
$ 63,700
The total contribution margin for the month under variable costing is:
Multiple Choice
$225.400
Transcribed Image Text:A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 88 Selling price Units in beginning inventory Units produced 5,200 Units sold 4,900 300 Units in ending inventory Variable costs per unit: $ 12 Direct materials $23 Direct labor $ 2 Variable manufacturing overhead Variable selling and administrative expense $ 5 Fixed costs: $161,200 Fixed manufacturing overhead Fixed selling and administrative expense $ 63,700 The total contribution margin for the month under variable costing is: Multiple Choice $225.400
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