Question: Knowledge Check 01 January Beginning inventory 0 Units produced 500 Units sold 400 Ending inventory 100 Excerpt from Wallis Corporation Per Unit Per Month Selling

Knowledge Check 01

January
Beginning inventory 0
Units produced 500
Units sold 400
Ending inventory 100

Excerpt from Wallis Corporation

Per Unit Per Month
Selling price $ 100
Direct materials 30
Direct labor 20
Variable manufacturing overhead 10
Variable selling and administrative expenses 7
Fixed manufacturing overhead $ 10,000
Fixed selling and administrative expenses 3,000

What is the company's contribution margin for January?

  • $200

  • $13,200

  • $26,800

  • $40,000

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