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Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across
Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across the Midwest. The following financial, production, and selling information has been provided for 2016. It is assumed that everything Merry Mitten produces is sold. Tons of Production 4,979 tons Direct Materials Direct Labor $206 per ton $47 per ton Variable Manufacturing Overhead $18 per ton Fixed Manufacturing Overhead $2,633,256 per year Variable S & A Costs Fixed S & A Costs Selling Price $18 per ton $725,605 per year $963 per ton On the basis of variable costing, what is the per ton contribution margin of for the Merry Mitten Maltsters for 2016? Your answer should be to the whole dollar
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