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A company reports the following information: Month January February Total Cost $ 5,490 $ 6,980 March $ 8,100 April $ 3,900 Using the high-low method, the estimated variable cost per unit is: Multiple Choice O Units Sold 940 1,840 2,480 640 $3.27. $6.09. $4.15. $5.30.

A company reports the following information: Month January February Total Cost $ 5,490 $ 6,980 March $ 8,100 April $ 3,900 Using the high-low method, the estimated variable cost per unit is: Multiple Choice O Units Sold 940 1,840 2,480 640 $3.27. $6.09. $4.15. $5.30.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Remy Corporation sold 5,500 units of its product at a price of $30 per unit. Total variable cost per unit is $16.00, consisting of $15.20 in variable cost of goods sold and $0.80 in variable selling and administrative cost. Compute the contribution margin for the company. Multiple Choice O $77,000 O $83,600 $165,000 $92,400 $88,000
Transcribed Image Text:Remy Corporation sold 5,500 units of its product at a price of $30 per unit. Total variable cost per unit is $16.00, consisting of $15.20 in variable cost of goods sold and $0.80 in variable selling and administrative cost. Compute the contribution margin for the company. Multiple Choice O $77,000 O $83,600 $165,000 $92,400 $88,000
A company reports the following information: Month January February Total Cost $ 5,490 $ 6,980 $ 8,100 $ 3,900 Using the high-low method, the estimated variable cost per unit is: March April Multiple Choice Units Sold 940 1,840 2,480 640 $3.27. $6.09. $4.15. $5.30.
Transcribed Image Text:A company reports the following information: Month January February Total Cost $ 5,490 $ 6,980 $ 8,100 $ 3,900 Using the high-low method, the estimated variable cost per unit is: March April Multiple Choice Units Sold 940 1,840 2,480 640 $3.27. $6.09. $4.15. $5.30.
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