Porter Company has provided the following data for the second quarter of the most recent year:
|
Sales |
300,000 |
|
Fixed manufacturing overhead |
55,000 |
|
Direct labor |
72,500 |
|
Fixed selling expense |
46,250 |
|
Variable manufacturing overhead |
41,000 |
|
Variable administrative expense |
48,000 |
|
Fixed administrative expense |
44,500 |
|
Variable selling expense |
49,750 |
Assume that direct labor is a variable cost and that there were no beginning or ending inventories. What is the total contribution margin of Porter Company for the second quarter?