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Perkins company produces and sells a single product. The Company's income statement for the most recent month is given below:
Sales (15,000 units at $32 per unit)
$480,000
Less variable costs:
Direct materials (variable)
$67,500
Direct labor (variable)
75,000
Variable factory overhead
50,000
Variable selling and other expenses
40,000
232,500
Contribution margin
247,500
Less fixed expenses:
Fixed factory overhead
Fixed selling and other expenses
45,000
120,000
Net operating income
$127,500
There are no beginning or ending inventories.
Required:
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