Lorri’s income statement is as follows: Sales* $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed costs (9,600) Net income $31,200 * 5,000 units sold What is the unit contribution margin?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...
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Lorri’s income statement is as follows: Sales* $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed costs (9,600) Net income $31,200 * 5,000 units sold What is the unit contribution margin?

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