Chance, Inc. sold 3,000 units of its product at a price of $72 per unit. Total variable cost per unit is $51, consisting of $32 in variable production cost and $19 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
A) $96,000
B) $63,000
C) $120,000
D) $216,000
E) ($90,000)
C) $120,000
Explanation: ($72 - $32) × 3,000 units = $120,000
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