Wachman company produces a product with the following per-unit costs:
direct materials $15
direct labor 6
manufacturing overhead 19

last year, wachman produced and sold 2,000 units at a price of $75 each. total selling and administrative expense was $30,000. refer to the information for wachman company above. total gross margin for last year was

$70,000

Explanation:

using the contribution margin approach:

Total gross margin = Contribution margin x total units sold

contribution margin= selling price- variable costs

                                   = $ 75- ( direct material +Direct labor + m. overhead)

                                   = $75-$40

                                   =$35

gross margin = $35x 2000 units

                      = $70,000

explanation:

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