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. $266,000
B. $126,000
C. $310,000
D. $450,000