There was no beginning inventory of product at the start of


Question - 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) $450,000

B) $266,000

C) $310,000

D) $126,000

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Accounting Basics: There was no beginning inventory of product at the start of
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