The Grinch Company has gathered the following information for the year ended December 31, 20X0: $\begin{array}{ll}
\text { Sales } & \$ 75,000 \
\text { Direct materials used } & 12,900 \
\text { Direct labor } & 5,200\\text { Fixed: }\\text { Factory overhead }&6,400\\text { Selling expenses } & 2,300 \
\text { Administrative expenses } & 1,700
\end{array}$ $\begin{array}{ll}\text { Variable: }\
\text { Factory overhead } & 3,300 \
\text { Selling expenses } & 5,700 \
\text { Administrative expenses } & 8,300
\end{array}$ There were no beginning or ending inventories. The contribution margin is:

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The Answer of The Grinch Company has gathered the following information for the year ended December 31, 20X0: $\begin{array}{ll}
\text { Sales } & \$ 75,000 \
\text { Direct materials used } & 12,900 \
\text { Direct labor } & 5,200\\text { Fixed: }\\text { Factory overhead }&6,400\\text { Selling expenses } & 2,300 \
\text { Administrative expenses } & 1,700
\end{array}$ $\begin{array}{ll}\text { Variable: }\
\text { Factory overhead } & 3,300 \
\text { Selling expenses } & 5,700 \
\text { Administrative expenses } & 8,300
\end{array}$ There were no beginning or ending inventories. The contribution margin is:

The Grinch Company Has Gathered the Following Information for the Year