Question
Based on the following partial comparative income for the year 2020 and 2019, compute the amount of change in contribution margin due to a change
Based on the following partial comparative income for the year 2020 and 2019, compute the amount of change in contribution margin due to a change in variable cost per unit.
Sales
2020
$1,397,250
2019
$1,350,000
Variable expense
2020
1,267,875
2019
1,050,000
Contribution margin
2020
$129,375
2019
$300,000
Effective January 1, 2020, the selling price per unit was decreased by 10 percent.
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
