Travis Company reports the following for its single product. Travis produced and sold 30,000 units...
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Accounting
Travis Company reports the following for its single product. Travis produced and sold 30,000 units this year.
____________________________________________
Direct materials $ 40 per unit
Direct labor $ 46 per unit
Variable overhead $ 19 per unit
Fixed overhead $ 130,000 per year
Variable selling and administrative expenses $ 7 per unit
Fixed selling and administrative expenses $ 205,600 per year
Sales price $ 190 per unit
___________________________________________________
Compute contribution margin for the company under variable costing.
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