Question - Bernard Corporation gathered the following information for the year just ended:
Fixed costs:
Manufacturing - $120,000
Marketing - 42,000
Administrative - 22,000
Variable costs:
Manufacturing - $80,000
Marketing - 22,000
Administrative - 38,000
During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year. What is the contribution margin for the year?
A) $450,000
B) $266,000
C) $310,000
D) $126,000