Cindy's Cakes sells specialty cakes for weddings, graduations, and other special events. The company's accountant prepared the following income statement for the company's most recent quarter.

If Cindy sells each cake for $60, what is the company's contribution margin per unit?

31-Mar June 30 Sept. 30 Sales revenue $ ? 840,000 420,000 Variable expenses 105,000 280,000 ? Contribution Margin 560,000 280,000 Fixed Expenses 151,200 329,000 Net Income 58,800 231,000 14,700