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CAR-79858 company purchases battery powered bikes from a manufacturer for $1,482 per unit and then sells them to its custo for $3,300 each. The
CAR-79858 company purchases battery powered bikes from a manufacturer for $1,482 per unit and then sells them to its custo for $3,300 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 $ 960 per month $ 4,812 per month, plus 3% of sales $ 63 per unit sold $ 643 per month $ 4,982 per month $ 13,515 per month $ 689 per month $ 2,475 per month, plus $35 per unit sold $ 887 per month Last month CAR-79858 sold 59 units. How much was the company's total contribution margin for the month? $ 95,639 $ 107,262 $ 99,061 $ 87,438
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