Young Company has provided the following information:

Price per unit	$40
Variable cost per unit	12
Fixed costs per month	$10,000

What is the contribution margin ratio?

A) 12%

B) 60%

C) 40%

D) 70%

First Buy Company provided the following manufacturing costs for the month of June.

Direct labor cost	$136,000
Direct materials cost	80,000
Equipment depreciation (straight-line)	24,000
Factory insurance	19,000
Factory manager's salary	12,800
Janitor's salary	5,000
Packaging costs	18,800
Property taxes	16,000

From the above information, calculate First Buy's total variable costs.

A) $311,600

B) $62,300

C) $234,800

D) $38,400