A company's product sells at $12.20 per unit and has a $5.30 per unit variable cost. The company's total fixed costs are $97,000. The contribution margin per unit is:

Multiple Choice

• $17.50.

• $6.90.

• $5.30.

• $12.20.

• $8.07.

  Brush Industries reports the following information for May:

  Sales	$	910,000
  Fixed cost of goods sold		102,000
  Variable cost of goods sold		252,000
  Fixed selling and administrative costs		102,000
  Variable selling and administrative costs		127,000

  Calculate the operating income for May under absorption costing.

  Multiple Choice

• $658,000

• $327,000

• $531,000

• $556,000

• $354,000