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What would be the amount of total contribution

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Question - A company manufactures a single product which it sells for $35 per unit. The planned output for 20X6 was 6,000 units. The unit product cost comprises:

$

Direct Labour

8.50

Direct Material

2.50

Variable overhead

1.5 hours x $2.50/hour

3.75

Fixed overhead

1.5 hours x $8.00/hour

12.00

26.75

If the company uses a marginal costing approach to prepare its profit statement, what would be the amount of total contribution shown in the budget statement for 20x6 (assuming no closing and opening inventory will be held)?

Reference no: EM133136983

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