Fixed costs: Manufacturing $130,000 Marketing 18,000 Administrative 21,000 Variable costs: Manufacturing $113,000 Marketing 35,000 Administrative 38,000 During the year, the company produced and sold 60,000 units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year.
Fixed costs: Manufacturing $130,000 Marketing 18,000 Administrative 21,000 Variable costs: Manufacturing $113,000 Marketing 35,000 Administrative 38,000 During the year, the company produced and sold 60,000 units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Question
The following information for the past year for the Blaine Corporation has been provided:
Fixed costs:
|
|
Manufacturing
|
$130,000
|
Marketing
|
18,000
|
Administrative
|
21,000
|
Variable costs:
|
|
Manufacturing
|
$113,000
|
Marketing
|
35,000
|
Administrative
|
38,000
|
During the year, the company produced and sold 60,000
units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year.
units of product at a selling price of $19.19 per unit. There was no beginning inventory of product at the beginning of the year.
What is the contribution margin for the year?
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