Question
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 98 Units in
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling price | $ | 98 | |
| Units in beginning inventory | 0 | ||
| Units produced | 3,400 | ||
| Units sold | 2,990 | ||
| Units in ending inventory | 410 | ||
| Variable costs per unit: | ||
| Direct materials | $ | 21 |
| Direct labor | $ | 38 |
| Variable manufacturing overhead | $ | 6 |
| Variable selling and administrative expense | $ | 4 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 44,600 |
| Fixed selling and administrative expense | $ | 2,800 |
The total contribution margin for the month under variable costing is:
Multiple Choice
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$39,310
-
$98,670
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$42,110
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$86,710
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Accounting For Deferred Income Taxes
Authors: Bobby Carmichael
2nd Edition
1119724562, 9781119724568
