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Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit $
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year.
Selling price per unit | $ 130$130 |
Variable manufacturing costs per unit | $ 64$64 |
Variable selling and administrative expenses per unit | $ 7$7 |
Fixed manufacturing overhead (in total) | $ 35 comma 000$35,000 |
Fixed selling and administrative expenses (in total) | $ 6 comma 000$6,000 |
Units produced during the year | 1 comma 5001,500 |
Units sold during year | 1 comma 2001,200 |
Using variable costing, what is the contribution margin for last year?
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