Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

23If the business produced 5,000,000 units, the variable cost per unit is $5, the selling price per unit is $15 and the fixed cost per

23If the business produced 5,000,000 units, the variable cost per unit is $5, the selling price per unit is $15 and the fixed cost per unit is $14. What is the contribution margin per unit?

Select one:

a. $10

b. $1

c. $9

d. $19

Calculate the break-even point in dollars from the following information; selling price per unit is $60 variable costs per unit are $30 and fixed costs for the year of $30,000.

Select one:

a. $500

b. $60,000

c. $900,000

d. $180,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions