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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

business   accounting   
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Answer #1

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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