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CAR-42214 company purchases battery powered bikes from a manufacturer for $1,505 per unit and then sells them to its customers for $3,200 each. The
CAR-42214 company purchases battery powered bikes from a manufacturer for $1,505 per unit and then sells them to its customers for $3,200 each. The company's monthly selling and administrative costs are the following: Costs Selling: Advertising Sales salaries and commissions Delivery of bikes to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipment Cost Formula $ 962 per month $ 4,803 per month, plus 6% of sales $ 58 per unit sold $ 634 per month $ 4,989 per month $ 13,460 per month $ 709 per month $ 2,542 per month, plus $42 per unit sold $ 888 per month Last month CAR-42214 sold 59 units. How much was the company's total contribution margin for the month? $106,023 $88,795 $100,005 $82,777
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