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Contribution income statement

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Reference no: EM131785345

Ranger Productions experienced the following costs in 2014:

Direct materials $1.50 per unit
Direct labor $2.60 per unit
Variable manufacturing overhead $1.20 per unit
Variable selling costs $4.40 per unit
Fixed manufacturing overhead $84,000
Fixed selling costs $32,000
Fixed administrative costs $15,000

During 2014, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on its 2014 contribution income statement?

a. $328,600
b. $601,400
c. $344,500
d. $630,500

Reference no: EM131785345

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