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Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 112 Units in
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $ | 112 | |
Units in beginning inventory | 0 | ||
Units produced | 5,100 | ||
Units sold | 4,490 | ||
Units in ending inventory | 610 | ||
Variable costs per unit: | ||
Direct materials | $ | 21 |
Direct labor | $ | 45 |
Variable manufacturing overhead | $ | 6 |
Variable selling and administrative expense | $ | 4 |
Fixed costs: | ||
Fixed manufacturing overhead | $ | 57,700 |
Fixed selling and administrative expense | $ | 3,300 |
The total contribution margin for the month under variable costing is:
Multiple Choice
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$100,640
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$161,640
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$103,940
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$179,600
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