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What the contribution margin earned by Richardson

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Reference no: EM132879867

Question - Consider the following information for Richardson Company for the prior year:

- The company produced 2,450 units and sold 2,375 units, both as budgeted.

- There were no beginning or ending work-in-process inventories and no beginning finished goods inventory.

- Budgeted and actual fixed costs were equal, all variable manufacturing costs were affected by production volume only, and all variable selling costs were affected by sales volume only.

- Budgeted per unit revenues and costs were as follows:

Per unit

Sales price $75

Direct materials 9

Direct labor 24

Other variable manufacturing costs 11

Fixed selling costs 6

Variable selling costs 16

Fixed manufacturing costs 6

Fixed administrative costs 1

Required - What the contribution margin earned by Richardson for the prior year?

Reference no: EM132879867

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