Question: Here are data regarding Iron Industries current year operations: Units produced during year 1,800 Units sold during year 900 Selling price $160 per unit Variable

Here are data regarding Iron Industries current year operations: Units produced during year 1,800 Units sold during year 900 Selling price $160 per unit Variable manufacturing costs $62 per unit Variable selling and administrative expenses $5 per unit Fixed manufacturing overhead $33,000 total Fixed selling and administrative expenses $8,000 total Using variable costing, what is the contribution margin for the year?

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