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Oregon Company provided the following information regarding its only product ice skates Direct materials used 500000 Direct labor 180000 Fixed overhead 100000 Fixed selling and administrative

Oregon Company provided the following information regarding its only product--ice skates.
Direct materials used                                         $500,000
Direct labor                                                        180,000
Fixed overhead                                                  100,000
Fixed selling and administrative costs               150,000
Variable overhead                                             120,000
Variable selling and administrative                    60,000
Selling unit price                                                 75
Units produced and sold                                  10,000
_____ is the total manufacturing cost if the contribution approach is used.
a. $680,000
b. $800,000
c. $300,000
d. $620,000

Jun 10 2021 View more View Less

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