Data from Rannier Metals for 2017 Is as Follows The Company Produced 145,000 Units During the Year and Sold

question 41

Multiple Choice

Data from Rannier Metals for 2017 is as follows: $\begin{array}{lr}\text { Sales } & \$ 20 \text { per unit } \\\text { Variable cost of goods sold } & ? ? \\\text { Fixed manufacturing overhead } & \$ 85,000 \\\text { Variable selling \& administrative costs } & ? ? \\\text { Fixed selling \& administrative costs } & \$ 150,000\end{array}$ The company produced 145,000 units during the year and sold 130,000 units.Variable production costs per unit and fixed costs have remained constant all year.Net income for the year was $1,000,000.How much was the company's contribution margin?

• A)$765,000
• B)$1,235,000
• C)$1,365,000
• D)Not enough information is provided to determine the answer

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