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Bernard Corporation gathered the following information for the year just ended: Fixed costs: Manufacturing $120,000 Marketing 42,000 Administrative 22,000 Variable costs: Manufacturing $80,000 Marketing 22,000 Administrative 38,000 During the year, Bernard produced and sold 50,000 units of product at a selling price of $9
Bernard Corporation gathered the following information for the year just ended:
|
Fixed costs: |
|
|
Manufacturing |
$120,000 |
|
Marketing |
42,000 |
|
Administrative |
22,000 |
|
Variable costs: |
|
|
Manufacturing |
$80,000 |
|
Marketing |
22,000 |
|
Administrative |
38,000 |
During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.
What is the contribution margin for the year?
A) $126,000
B) $310,000
C) $450,000
D) $266,000
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