in 2016:            Sales, 5,000 units @ $10

each

            Total production, 7,500 units

            Selling and administrative costs:

         Fixed                 $1,000

                     Variable                       $1 per unit

            Production costs per unit:

         Direct materials            $2.00

                     Direct labor                   $2.00

                     Variable overhead        $1.00

            Fixed manufacturing overhead       $7,500

Alpha Company uses direct (variable) costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

1. Contribution Margin

2. Net Income

3. Cost of Ending Inventory

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