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Gabbert Company, Which Has Only One Product, Has Provided the Following

question 29

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Gabbert Company, which has only one product, has provided the following data concerning its most recent month of operations:
 Selling price $90 Units in beginning inventory 0 Units produced 3,600 Units sold 3,400 Units in ending inventory 200 Variable costs per unit:  Direct materials $23 Direct labour $11 Variable manufacturing overhead $2 Variable selling and administrative $8 Fixed costs:  Fixed manufacturing overhead $93,600 Fixed selling and administrative $61,200\begin{array}{|l|r|}\hline \text { Selling price } & \$ 90 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 3,600 \\\hline \text { Units sold } & 3,400 \\\hline \text { Units in ending inventory } & 200 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 23 \\\hline \text { Direct labour } & \$ 11 \\\hline \text { Variable manufacturing overhead } & \$ 2 \\\hline \text { Variable selling and administrative } & \$ 8 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 93,600 \\\hline \text { Fixed selling and administrative } & \$ 61,200 \\\hline\end{array}

-What was the total contribution margin for the month under the variable costing approach?

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Definitions:

-ase

A suffix used in biochemistry to denote enzymes, which are proteins that catalyze biochemical reactions.

Crine

Pertaining to secretion, used in terms to describe glands or substances involved in the release of chemical substances in the body.

Gen

A prefix meaning "to become," often used in the formation of words related to genes, genetics, or generating something.

Ectasis

A medical term that describes the widening or enlargement of a hollow organ or structure.

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