FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the contribution margin per unit?
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- For Concord Corporation at a sales level of 4000 units, sales is $67000, variable expenses total $42000, and fixed expenses are $21000. What is the contribution margin per unit? $10.50 $5.25 $16.75 $6.25arrow_forwardCalculate the contribution margin of a product for a service company if revenues are $50,000, variable expenses are $30,000, and fixed expenses are $15,000. a.) $ 20,000 b.) $80,000 c.) $35,000 d.) $5,000arrow_forwardSkywalker Corporation reported the following on their contribution format income statement: Sales (12,000 units) $175,000 Less: Variable expenses 100,000 Contribution margin 75,000 Less: Fixed expenses 62,500 Net operating income $ 12,500 What is the contribution margin ratio?arrow_forward
- Prearcan CVBA's income statement shows the following: Sales Revenue: $9,121,000 Variable Costs: 4,797,000 Fixed Costs: 3,946,000 If unit sales were 5,000, the contribution margin per unit to the nearest cent is : $arrow_forwardIf the contribution margin ratio for France Company is 34%, sales were $424,000, and fixed costs were $100,000, what was the income from operations? a.$44,160 b.$100,000 c.$35,328 d.$144,160arrow_forward10. Louise Corp. has a contribution margin ratio of 31%, fixed costs of $62,000, and a profit of $41,850. What are total sales? a. $335,000 b. $103,850 c. $32,194 d. $191,429arrow_forward
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