Grover Company has the following data for the production and sale of 2,300 units. Sales...
Grover Company has the following data for the production and
sale of 2,300 units.
| Sales price per unit | $ | 950 | per unit |
| Fixed costs: | |||
| Marketing and administrative | $ | 529,000 | per period |
| Manufacturing overhead | $ | 253,000 | per period |
| Variable costs: | |||
| Marketing and administrative | $ | 65 | per unit |
| Manufacturing overhead | $ | 95 | per unit |
| Direct labor | $ | 115 | per unit |
| Direct materials | $ | 230 | per unit |
What is the contribution margin per unit?
Multiple Choice
-
$105
-
$445
-
$400
-
$505
Homework Answers
CONTRIBUTION MARGIN = SALES - VARIABLE COST
=) SALES - MARKETING COST - MANFACTURING OVERHEAD - DIRECT LABOUR - DIRECT MATERIAL
=) $950 - $65 -$95 - $115 -$230 = $445 IS THE ANSWER
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