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The Reading Corporation manufactures and sells plastic model trucks. The following data is related to sales and production of the toy gyroscopes for last year:
The Reading Corporation manufactures and sells plastic model trucks. The following data is related to sales and production of the toy gyroscopes for last year: Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced and sold during the year $8.50 $1.85 $4.50 $79,000 $83,000 250,000 Using variable costing, what is the contribution margin for last year? O $1,662,500 5537,500 O None of the items in this list of answers. O $1,000,000
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