Gabbert Corporation, which has only one product, has provided the following data

Question

Gabbert Corporation, which has only one product, has provided the following data concerning its most recent month of operations,

The total contribution margin for the month under variable costing is

Selling price $90 Units in beginning inventory 0 Units produced 3,600 Units sold 3,400 Units in ending inventory 200 Variable costs per unit:    Direct materials $23    Direct labor $11    Variable manufacturing overhead $2    Variable selling and administrative $8 Fixed costs: Fixed manufacturing overhead $93,600    Fixed selling and administrative $61,200

Explanation / Answer

Sale price $            90 Less: Direct materials $            23 Direct labor $            11 Variable manufacturing overhead $               2 Variable selling and administrative overhead $               8 Contribution per unit $            46 Number of units sold           3,400 Contribution margin $ 156,400 3400*46

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