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Latinovich Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $200,000 Direct labor $80,000 Fixed
Latinovich Company has no beginning and ending inventories, and reports the following data about its only product:
Direct materials used $200,000
Direct labor $80,000
Fixed indirect manufacturing $180,000
Fixed selling and administrative $150,000
Variable indirect manufacturing $130,000
Variable selling and administrative $160,000
Selling price(per unit) $150
Units produced and sold 10,000
Latinovich Company uses the contribution approach to prepare the income statement. What is the contribution margin?
A) $600,000
B) $910,000
C) $930,000
D) $1,090,000
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