The following information relates to Clyde Corporation which produced and sold 53,000 units last month.
Sales $1,060,000
Manufacturing costs:
Fixed $210,000
Variable $166,700
Selling and administrative:
Fixed $300,000
Variable $ 45,300
There were no beginning or ending inventories. Production and sales next month are expected to be 43,000 units. The company's unit contribution margin next month should be: (Round your intermediate calculations and final answer to 2 decimal places)
$19.60
$3.40
$8.58
$16.00