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Bay State College Operations And Supply Chain Management Assignment Help - contribution margin

Question - Washington Company manufactures and sells a single product. The following costs were incurred during the company's first year of operation: Direct Material $18.00 Direct labor $5.00 Variable manufacturing overhead $4.00 Variable selling and administrative $5.00 Fixed cost for year: Fixed manufacturing overhead $150,000 Fixed selling and administrative expenses $110,000 During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $45.00 per unit. Compute the company's contribution margin assuming the company uses the contribution margin format income statement.

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