The total contribution margin for the month under variable costing is:
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 4P
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Question
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $ | 126 |
Units in beginning inventory | 0 | |
Units produced | 1,900 | |
Units sold | 1,800 | |
Units in ending inventory | 100 | |
Variable costs per unit: | ||
Direct materials | $ | 49 |
Direct labor | $ | 28 |
Variable manufacturing |
$ | 5 |
Variable selling and administrative expense | $ | 11 |
Fixed costs: | ||
Fixed manufacturing overhead | $ | 32,300 |
Fixed selling and administrative expense | $ | 23,400 |
The total contribution margin for the month under variable costing is:
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