Callaway Corp., which began business at the start of the current year, had the following data:

Planned and actual production: 63,000 units

Sales: 67,000 units at $18 per unit

Production costs:

Variable: $5 per unit

Fixed: $384,300

Selling and administrative costs:

Variable: $2 per unit

Fixed: $54,000

The contribution margin that the company would disclose on a variable-costing income statement is:

Multiple Choice

• $0.
• $50,400.
• $388,650.
• $737,000.
• None of the answers is correct.