Management of ABC Corporation, the manufacturing company, has provided the given data for February:
Sales $550,000
variable production expense $104,000
Fixed production expense $122,000
Variable selling expense $24,000
Fixed selling expense $102,000
Variable administrative expense $56,000
Fixed administrative expense $116,000
Contribution margin for February was:
i) $366,000
ii) $210,000
iii) $26,000
iv) $324,000