Reliance Corporation sold 4,000 units of its product at a price of $15 per unit. Total variable cost per unit is $8.50, consisting of $7.75 in variable production cost and $0.75 in variable selling and administrative cost. Compute the contribution margin for the company.
A. $26,000
B. $31,000
C. $34,000
D. $36,900
E. $60,000
Answer: A
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