Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit using a contribution margin income statement? $240,000 $170,000 $290,000 $360,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Vegas Company has the following unit costs:


Variable manufacturing overhead $ 25
Direct materials 20
Direct labor 19
Fixed manufacturing overhead 12
Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit using a contribution margin income statement?
$240,000
$170,000
$290,000
$360,000

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