TB MC Qu. 02-174 Searls Corporation, a merchandising...

Searls Corporation, a merchandising company, reported the following results for July:

Number of units sold		2,700	units
Selling price per unit	$	664	per unit
Unit cost of goods sold	$	405	per unit
Variable selling expense per unit	$	48	per unit
Total fixed selling expense	$	56,000
Variable administrative expense per unit	$	13	per unit
Total fixed administrative expense	$	118,200

Cost of goods sold is a variable cost in this company. The contribution margin for July is:

$534,600

699,300

$359,900

$1,453,400