A manufacturing company that produces a single product has provided the following data concerning its...
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Accounting
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
| Selling price | $95 |
| Units in beginning inventory | 0 |
| Units produced | 4,850 |
| Units sold | 4,550 |
| Units in ending inventory | 300 |
| Variable costs per unit: | |
| Direct materials | $24 |
| Direct labor | $24 |
| Variable manufacturing overhead | $12 |
| Variable selling and administrative | $10 |
| Fixed costs: | |
| Fixed manufacturing overhead | $53,350 |
| Fixed selling and administrative | $26,200 |
The total contribution margin for the month under variable costing is:
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You can see the logs in the Dashboard.