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Mark Inc., which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 91 Units in
Mark Inc., which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $ | 91 | |
Units in beginning inventory | 0 | ||
Units produced | 3,800 | ||
Units sold | 3,230 | ||
Units in ending inventory | 570 | ||
Variable costs per unit: | ||
Direct materials | $ | 22 |
Direct labor | $ | 32 |
Variable manufacturing overhead | $ | 5 |
Variable selling and administrative expense | $ | 3 |
Fixed costs: | ||
Fixed manufacturing overhead | $ | 60,900 |
Fixed selling and administrative expense | $ | 2,400 |
The total contribution margin for the month under variable costing is:
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