Iacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $185.00 per unit.
Sales volume (units) | 6,900 | 8,120 | |||
Cost of sales | $ | 545,100 | $ | 641,480 | |
Selling and administrative costs | $ | 672,000 | $ | 704,940 | |
The best estimate of the total contribution margin when 7,590 units are sold is:
Multiple Choice
$269,570
$177,870
$599,610
$713,640
$599,610
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