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Accounting

Cranbrook Company has the following data for the month of March:

Sales .......................................................... $30,000
Fixed manufacturing overhead ................. $5,500
Direct labor ................................................ $7,250
Fixed selling expense ................................ $4,625
Variable manufacturing overhead ............. $4,100
Variable administrative expense ................ $4,800
Direct materials ......................................... $5,150
Fixed administrative expense .................... $4,450
Variable selling expense ............................ $4,975

Assume that direct labor is variable and all units are produced and sold in the same month. What was the total contribution margin in March for Cranbrook Company?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M990478

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