### Calculation of total variable cost and contribution income

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Calculation of total variable cost and contribution income statement.

During 2007 the company manufactured 120,000 units and sold 145,000 units. Assume the same unit costs in all years. Total variable costs on the company's 2007 contribution income statement will be?

Magic Screen's contribution income statement utilizing variable costing appears below:

 Sales (\$30/unit) \$1,200,000 Less variable costs: COGS 800,000 Selling & Admin 40,000 840,000 Contribution Margin 360,000 Fixed overhead 98,000 Fixed Selling & Admin 170,000 268,000 Net Income \$92,000

Magic Screen Company Income Statement For the Year Ended December 31, 2007

Magic Screen Company produced 49,000 units during the year.  Variable and fixed production costs have remained constant the entire year. There were no beginning inventories.

Hint:  Variable cost per unit is \$0.25

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