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How much was the company contribution margin

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Reference no: EM131794243

Question - Washington Supply Company experienced the following costs in 2010:

Direct Materials $3.50/unit

Direct Labor $2.55/unit

Manufacturing Overhead Costs

Variable $1.50/unit

Fixed $20,000

Selling & Administrative costs

Variable Selling $2.15/unit

Fixed Selling $8,000

Fixed administrative $7,000

During the year the company manufactured 95,000 units and sold 80,000 units. If the average selling price per unit was $20, how much was the company's contribution margin?

Reference no: EM131794243

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