Problem: 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?