1. Last month, Ellison Industries sold its product for $100 per unit. Fixed production costs were $50,000 and variable production costs amounted to $21 per unit. Fixed selling and administrative costs totaled $20,000, and variable selling and administrative costs amount to $3.00 per unit. Dawson produced and sold 6,000 units last month. Which of the following amounts represents total operating profit?
   1. $386,000
   2. None of these
   3. $424,000
   4. $404,000
   5. $600,000
2. Last month, Ellison Industries sold its product for $100 per unit. Fixed production costs were $50,000 and variable production costs amounted to $21 per unit. Fixed selling and administrative costs totaled $20,000, and variable selling and administrative costs amount to $3.00 per unit. Dawson produced and sold 6,000 units last month. Using a contribution margin income statement, which of the following amounts is the contribution margin?
   1. None of these
   2. $424,000
   3. $474,000
   4. $456,000
   5. $386,000
3. Last month, Ellison Industries sold its product for $100 per unit. Fixed production costs were $50,000 and variable production costs amounted to $21 per unit. Fixed selling and administrative costs totaled $20,000, and variable selling and administrative costs amount to $3.00 per unit. Dawson produced and sold 6,000 units last month. Using a traditional income statement, which of the following amounts is the gross margin (gross profit)?
   1. None of these
   2. $424,0000
   3. $474,000
   4. $386,000
   5. $456,000