Business, 22.04.2021 20:40 sadiesnider9
Schaefer Company has no beginning and ending inventories, and reports the following data about its only product:
Direct materials used$200,000
Direct labor$80,000
Fixed indirect manufacturing$100,000
Fixed selling and administrative$150,000
Variable indirect manufacturing$20,000
Variable selling and administrative$60,000
Selling price(per unit)$50
Units produced and sold10,000
Schaefer Company uses the contribution approach to prepare the income statement. What is the contribution margin?
A) $100,000
B) $140,000
C) $200,000
D) $220,000
Answers: 3
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