ACC 320-Managerial Accounting Chapter 1 Exercise 3-More practice making calculations Calculate the contribution margin per unit. Description Units produced and Sold Per unit selling price Direct materials (per unit) Amount 30,000 $100.00 $4.00 Direct labor (per unit) Factory rent (annual amount) Production supervisors' salary (annual amount) Calculate total contribution margin. $2.00 $40,000 $70,000 Depreciation on factory machinery (annual amount) $10,000 Beginning raw materials inventory $450,000 Vice President of Marketing salary (annual amount) $125,000 Calculate total fixed cost. Corporate Headquarter Clerical Staff salaries (annual amount) $400,000 Factory department supervisors' salaries (annual amount) $50,000 Ending raw materials inventory $500,000 Sales commission (per unit) $2.00 Sales employees' salaries (fixed) $80,000 Fixed other administrative expenses (annual amount) $40,000 Variable other manufacturing cost per unit $5.00 Fixed other manufacturing cost (annual amount) $210.00 Calculate fixed cost per unit. Calculate the total revenue: I Calculate the variable cost per unit. Calculate net income.