Fixed costs: Manufacturing $115,000 Marketing 20,000 Administrative 17,000 Variable costs: Manufacturing $115,000 Marketing 21,000 Administrative 38,000...

Fixed costs:

Manufacturing $115,000

Marketing 20,000

Administrative 17,000

Variable costs:

Manufacturing $115,000

Marketing 21,000

Administrative 38,000

During the year, the company produced and sold 40,000 units of product at a selling price of $10.42 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for Blaine Corporation? (Round any intermediary calculations and your final answer to the nearest cent.)

Expert Solution

Sales	416,800
Variable Manufactring Costs	115,000
Gross Contribution Margin	301,800
variable Marketing Expenses	21,000
Variable Administrative Expenses	38,000
Contribution Margin	242,800
No. of Units	40,000
Contribution Margin per Unit	6.07

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