Data from Rannier Metals for 2017 Is as Follows The Company Produced 145,000 Units During the Year and Sold

Multiple Choice

Data from Rannier Metals for 2017 is as follows: $\begin{array}{lr}\text { Sales } & \$ 20 \text { per unit } \\\text { Variable cost of goods sold } & ? ? \\\text { Fixed manufacturing overhead } & \$ 85,000 \\\text { Variable selling \& administrative costs } & ? ? \\\text { Fixed selling \& administrative costs } & \$ 150,000\end{array}$ The company produced 145,000 units during the year and sold 130,000 units.Variable production costs per unit and fixed costs have remained constant all year.Net income for the year was $1,000,000.How much was the company's contribution margin?

A) $765,000
B) $1,235,000
C) $1,365,000
D) Not enough information is provided to determine the answer