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t14 A manufacturing company that produces a single product has provided the following...

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Accounting

t14

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price $ 88
Units in beginning inventory 0
Units produced 5,200
Units sold 4,900
Units in ending inventory 300
Variable costs per unit:
Direct materials $ 12
Direct labor $ 23
Variable manufacturing overhead $ 2
Variable selling and administrative expense $ 5
Fixed costs:
Fixed manufacturing overhead $ 161,200
Fixed selling and administrative expense $ 63,700

The total contribution margin for the month under variable costing is:

Multiple Choice

  • $64,200

  • $249,900

  • $225,400

  • $98,000

Answer & Explanation Solved by verified expert
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