Question
Barrington 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
Barrington 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 unit contribution margin?
Select one:
A. $17.00
B. $ 6.75
C. $10.00
D. $ 6.25
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
