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What is the contribution margin

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Reference no: EM133185116

Question - Latinovich Company has no beginning and ending inventories, and reports the following data about its only product:

Direct materials used $200,000

Direct labor $80,000

Fixed indirect manufacturing $180,000

Fixed selling and administrative $150,000

Variable indirect manufacturing $130,000

Variable selling and administrative $160,000

Selling price (per unit) $150

Units produced and sold 10,000

Latinovich Company uses the contribution approach to prepare the income statement. What is the contribution margin?

A) $600,000

B) $910,000

C) $930,000

D) $1,090,000

Reference no: EM133185116

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