Latinovich Company Has No Beginning and Ending Inventories,and Reports the Following

Multiple Choice

Latinovich Company has no beginning and ending inventories,and reports the following data about its only product:
$\begin{array}{ll}\text { Direct materials used } & \$ 200,000 \\\text { Direct labor } & \$ 80,000 \\\text { Fixed indirect manufacturing } & \$ 180,000 \\\text { Fixed selling and administrative } & \$ 150,000 \\\text { Variable indirect manufacturing } & \$ 130,000 \\\text { Variable selling and administrative } & \$ 160,000 \\\text { Selling price(per unit) } & \$ 150\end{array}$
$\begin{array} { l } \text {Units produced and sold }&10,000 \\\end{array}$

Latinovich Company uses the contribution approach to prepare the income statement.What is the contribution margin?

A) $600,000
B) $910,000
C) $930,000
D) $1,090,000