Homework Answers
Ans:
Variable costs -
Direct material = $6,200,000
Direct labour = $8,235,500
Variable manufacturing overhead = $7,080,000
Total variable costs = $21,515,500
Fixed costs -
Fixed manufacturing overhead = $4,950,000
Fixed selling expenses = $2,500,000
Total fixed costs = $7,450,000
| Particulars | Amount $ |
| Sales | 34,000,000 |
| - variable costs | (21,515,500) |
| Contribution margin | 12,484,500 |
| - fixed costs | (7,450,000) |
| Net income | 5,034,500 |
Option : b
Contribution margin: $12,484,500 Net income: $5,034,500
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