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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year.

Selling price per unit   $8.00
Variable manufacturing costs per unit   $1.83
Variable selling and administrative expenses per unit   $4.45
Fixed manufacturing overhead (in total)   $75,000
Fixed selling and administrative expenses (in total)   $80,000
Units produced during the year   500,000
Units sold during the year   150,000

Using variable costing, what is the contribution margin for last year?
A) $2,142,000
B) $258,000
C) $1,200,000
D) $274,500
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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