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Cincysavers sells a product that has a per unit selling price of $18 and per unit variable expenses of $7. Total fixed expenses are $9,300. They are currently selling 1,500 units of this product. What is per unit contribution margin? O $5 $18. O $11 O $7

Cincysavers sells a product that has a per unit selling price of $18 and per unit variable expenses of $7. Total fixed expenses are $9,300. They are currently selling 1,500 units of this product. What is per unit contribution margin? O $5 $18. O $11 O $7

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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Cincysavers sells a product that has a per unit selling price of $18 and per unit variable expenses of $7. Total fixed expenses are $9,300. They are currently selling 1,500 units of this product. What is per unit contribution margin? $5 O $18 $11 O $7
Transcribed Image Text:Cincysavers sells a product that has a per unit selling price of $18 and per unit variable expenses of $7. Total fixed expenses are $9,300. They are currently selling 1,500 units of this product. What is per unit contribution margin? $5 O $18 $11 O $7
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