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)
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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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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.
 
What is the contribution margin for the​ year?
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