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What is the contribution margin for last year

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Question - The Heartlake Corporation manufactures and sells toy gyroscopes. The following data to sales and production of the toy gyroscopes for last year.

Selling price per unit $8.20

Variable manufacturing costs per unit $1.84

Variable selling and administrative expenses per unit $4.45

Fixed manufacturing overhead (in total) $79,000

Fixed selling and administrative expenses (in total) $83,000

Units produced during the year 520,000

Units sold during year 190,000

Using variable costing, what is the contribution margin for last year?

Reference no: EM132499021

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