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The Justin Bieber Company manufactures special microphones that are sold for $80 per unit. The following information pertains to the company's first year of operations
The Justin Bieber Company manufactures special microphones that are sold for $80 per unit. The following information pertains to the company's first year of operations in which it produced 50,000 units and sold 36,000 units. The variable costs per unit are DM of $24, DL of $14, variable MOH of $3, and variable selling and admin of $4. The yearly fixed costs are MOH of $700,000 and selling and admin of $456,000. What is the total contribution margin under variable costing? Round your answer to the nearest whole number
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