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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price $100
Units in beginning inventory 0
Units produced 5,500
Units sold 5,400
Units in ending inventory 100
Variable costs per unit:
Direct materials $23
Direct labor 25
Variable manufacturing overhead 2
Variable selling and administrative 9
Fixed costs:
Fixed manufacturing overhead $137,500
Fixed selling and administrative 70,200
Question 1: The total contribution margin for the month under variable costing is:
Option 1: $221,400
Option 2: $83,900
Option 3: $270,000
Option 4: $135,000
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