Hadlock Company, which has only one product, has provided the following data con

Question

Hadlock Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $121 Units in beginning inventory 0 Units produced 7,800 Units sold 7,400 Units in ending inventory 400 Variable costs per unit: Direct materials $44.00 Direct labor $23.00 Variable manufacturing overhead $9.00 Variable selling and administrative $13.00 Fixed costs: Fixed manufacturing overhead $78,000 Fixed selling and administrative $67,600 The total contribution margin for the month under the variable costing approach is (Do not round your intermediate calculations.):

Explanation / Answer

Sales price 121 Less: Variable cost Direct meterial -44 Direct Labour -23 Manufactoring overhead -9 Selling and administrative expenses -13 Contribution margin per unit 32 Unit Sold 7400 contribuiton margin for sales 236800

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