
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:xpense
$ 63,700
The total contribution margin for the month under variable costing is:
Multiple Choice
$225,400
$249,900
$64,200
$98,000

Transcribed Image Text:A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
$ 88
Selling price
Units in beginning inventory
Units produced
5,200
Units sold
4,900
300
Units in ending inventory
Variable costs per unit:
$ 12
Direct materials
$23
Direct labor
$ 2
Variable manufacturing overhead
Variable selling and administrative expense
$ 5
Fixed costs:
$161,200
Fixed manufacturing overhead
Fixed selling and administrative expense
$ 63,700
The total contribution margin for the month under variable costing is:
Multiple Choice
$225.400
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