Aaron Corporation, which has only one product, has provided the following data concerning its most recent...
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling price | $ | 112 | |
| Units in beginning inventory | 0 | ||
| Units produced | 5,100 | ||
| Units sold | 4,490 | ||
| Units in ending inventory | 610 | ||
| Variable costs per unit: | ||
| Direct materials | $ | 21 |
| Direct labor | $ | 45 |
| Variable manufacturing overhead | $ | 6 |
| Variable selling and administrative expense | $ | 4 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 57,700 |
| Fixed selling and administrative expense | $ | 3,300 |
The total contribution margin for the month under variable costing is:
Multiple Choice
-
$100,640
-
$161,640
-
$103,940
-
$179,600
Homework Answers
Correct answer------161,640
Working
| Sales revenue | (112 x 4490) | $ 502,880.00 |
| Variable costs: | ||
| Variable manufacturing cost | ((21+45+6)*4490) | $ 323,280.00 |
| Variable selling and administrative expense | (4 x 4490) | $ 17,960.00 |
| Total variable cost | $ 341,240.00 | |
| Contribution margin | $ 161,640.00 | |
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