“Kosco Corporation Income StatementþAbsorption Costing For the Month Ended March 31, 19×4 Sales (2,400 units) $48,000 Cost of goods sold: Beginning Inventory $ 1,000 Variable Cost of Goods Manufactured 25,000 Goods Available for Sale $26,000 Ending Inventory 2,000 Cost of Goods Sold 24,000 Gross Margin 24,000 Less Operating Expenses: Fixed Administrative Expense $7,200 Variable Selling Expense 9,600 Total Operating Expenses 16,800 Net Income $ 7,200 ÍÍÍÍÍÍÍ During March, the company’s variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5,000. 87. The contribution margin per unit during March was a. $8 b. $12 c. $10 d. $3”,”1The contribution margin per unit during March:Selling price per unit (48

“Kosco Corporation Income StatementþAbsorption Costing For the Month Ended March 31, 19×4 Sales (2,400 units) $48,000 Cost of goods sold: Beginning Inventory $ 1,000 Variable Cost of Goods Manufactured 25,000 Goods Available for Sale $26,000 Ending Inventory 2,000 Cost of Goods Sold 24,000 Gross Margin 24,000 Less Operating Expenses: Fixed Administrative Expense $7,200 Variable Selling Expense 9,600 Total Operating Expenses 16,800 Net Income $ 7,200 ÍÍÍÍÍÍÍ During March, the company’s variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5,000. 87. The contribution margin per unit during March was a. $8 b. $12 c. $10 d. $3”,”1The contribution margin per unit during March:Selling price per unit (48

000 / 2400) $20Less Variable Expenses: Production per unit $8 Selling per unit 4 12Contribution Margin per unit $8″