Reference no: EM13153819
Clubb Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price.................................$110
Units in beginning inventory.....................0
Units produced...............................4,800
Units Sold...................................4,600
Units in ending inventory......................200
Variable costs per unit:
Direct materials...............................$48
Direct Labor...................................$23
Variable manufacturing overhead.................$2
Variable selling and administrative............$11
Fixed costs:
Fixed manufacturing overhead...............$81,600
Fixed selling and administrative...........$27,600
1. The total contribution margin for the month under the variable costing approach is:
a.$92,000
b.$170,200
c.$38,000
d.119,600
2. The total gross margin for the month under the absorption costing approach is:
a.119,600
b.92,000
c.110,000
d.13,800
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