Question
Holzhauer Corporation, a merchandising company, reported the following results for March: Number of units sold......................................... 10,000 units Unit cost of goods sold..................................... $130 per unit
Holzhauer Corporation, a merchandising company, reported the following results for March: Number of units sold......................................... 10,000 units Unit cost of goods sold..................................... $130 per unit Selling price per unit........................................ $300 per unit Variable selling expense per unit..................... $18 per unit Total fixed administrative expense................... $142,700 Total fixed selling expense............................... $54,700 Variable administrative expense per unit......... $12 per unit Cost of goods sold is a variable cost in this company. 5. The contribution margin for March is:
$1,400,000 |
$1,120,000 |
$1,962,600 |
$1,360,000 |
None of the above |
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