During the Past Year, Waxman Electronics Manufactured 25,000 Speakers During

question 76

Multiple Choice

During the past year, Waxman Electronics manufactured 25,000 speakers during 2017 and sold 26,000 speakers.Production costs during the year were as follows: $$\begin{array} { l r } \text { Fixed manufacturing overhead } & \$ 546,000 \\\text { Variable manufacturing overhead } & 234,000 \\\text { Direct labor } & 312,000 \\\text { Direct materials } & 780,000\end{array}$$ Sales totaled $3,120,000, variable selling and administrative costs totaled $182,000, and fixed selling and administrative costs totaled $114,000.There were 2,200 speakers in beginning inventory.How much is the contribution margin per unit?

• A)$48.00
• B)$69.00
• C)$62.00
• D)None of these answer choices are correct.

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Definitions:

Vascular Tissue

Specialized tissue in plants that conducts water and nutrients through the plant body.

Monocots

A major group of flowering plants (angiosperms) characterized by having one seed leaf (cotyledon), such as grasses, lilies, and palms.

Cotyledon

Seed leaf of a flowering plant embryo.

Eudicot Roots

The roots of a large group of flowering plants characterized by having two cotyledons in the seed and a root system that often develops into a taproot.