What was the companys contribution margin

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Reference no: EM131258681

The Jefferson Supply Company experienced the following costs in 2007: Direct materials $3.50/unit Direct labor $2.65/unit Manufacturing Overhead Costs Variable $1.50/unit Fixed $20,000 Selling and Administrative Costs Variable selling $2.15/unit Fixed selling $8,000 Fixed administrative $7,000 During the year the company manufactured 92,000 units and sold 85,000 units. If the average selling price per unit was $19.50 what was the company’s contribution margin?

A. $1,007,250

B. $824,500

C. $987,250

D. $789,500

Reference no: EM131258681

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