The Grinch Company Has Gathered the Following Information for the Year

Multiple Choice

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:

A) $29,200
B) $56,900
C) $39,600
D) $31,600