Question: Lezoli Enterprises sells handmade clocks. Its variable cost per clock is ($6,) and each clock sells for ($15.) Calculate Lezolis contribution margin per unit and
Lezoli Enterprises sells handmade clocks. Its variable cost per clock is \($6,\) and each clock sells for \($15.\) Calculate Lezoli’s contribution margin per unit and contribution margin ratio. Suppose Lezoli sells 2,000 clocks this year. Calculate the total contribution margin.
Step by Step Solution
There are 3 Steps involved in it
First lets calculate Lezolis contribution margin per unit Contribution Ma... View full answer
Get step-by-step solutions from verified subject matter experts
