Bernard Corporation gathered the following information for the year just ended: Fixed costs: Manufacturing $120,000 Marketing 42,000
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Question:
Bernard Corporation gathered the following information for the year just ended:
| Fixed costs: | |
| Manufacturing | $120,000 |
| Marketing | 42,000 |
| Administrative | 22,000 |
| Variable costs: | |
| Manufacturing | $80,000 |
| Marketing | 22,000 |
| Administrative | 38,000 |
During the year, Bernard produced and sold 50,000 units of a product at a selling price of $9.00 per unit. There was no beginning inventory of the product at the start of the year.
What is the contribution margin for the year?
A) $126,000
B) $310,000
C) $450,000
D) $266,000
E) None of the above.
Expert Answer:
Related Book For 
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
Posted Date:
