# Galino Company- which has only one product- has provided the following.docx

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Galino Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price \$99 Units in beginning inventory 0 Number of units produced 2,900 Number of units sold 2,600 Units in ending inventory 300 Variable costs per unit: Direct materials \$27 Direct labor \$11 Variable manufacturing overhead \$6 Variable selling and administrative expense \$7 Fixed costs: Fixed manufacturing overhead \$104,400 Fixed selling and administrative expense \$13,000 23. The total contribution margin for the month under the variable costing approach is: A. \$124,800 B. \$49,400 C. \$20,400 D. \$143,000 Solution Hi, Please find the detailed answer as follows: Contribution Margin = Sales - Variable Costs = 2600*99 - 2600*(27+11+6+7) = \$124800 Thanks. .

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### Galino Company- which has only one product- has provided the following.docx

• 1. Galino Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price \$99 Units in beginning inventory 0 Number of units produced 2,900 Number of units sold 2,600 Units in ending inventory 300 Variable costs per unit: Direct materials \$27 Direct labor \$11 Variable manufacturing overhead \$6 Variable selling and administrative expense \$7 Fixed costs: Fixed manufacturing overhead \$104,400
• 2. Fixed selling and administrative expense \$13,000 23. The total contribution margin for the month under the variable costing approach is: A. \$124,800 B. \$49,400 C. \$20,400 D. \$143,000 Selling price \$99 Units in beginning inventory 0 Number of units produced 2,900 Number of units sold 2,600 Units in ending inventory 300 Variable costs per unit: Direct materials \$27 Direct labor \$11 Variable manufacturing overhead \$6 Variable selling and administrative expense \$7 Fixed costs: Fixed manufacturing overhead \$104,400 Fixed selling and administrative expense \$13,000 Solution
• 3. Hi, Please find the detailed answer as follows: Contribution Margin = Sales - Variable Costs = 2600*99 - 2600*(27+11+6+7) = \$124800 Thanks.
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