The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production
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The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year.
SELLING PRICE PER UNIT $8.20
Variable manufacturing costs per unit $1.86
Variable selling and administrative expenses per unit $4.55
Fixed manufacturing overhead (in total) $ 78,000
Fixed selling and administrative expenses (in total) $82,000
Units produced during the year 530,000
Units sold during year 180,000
Using variable costing, what is the contribution margin for last year?
A. $ 2, 629,800
B.$ 334,800
C.$ 1,476, 000
D. $ 322, 200
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133428704
15th edition
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
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