Contribution margin is the amount of revenue remaining after deducting 17. a. cost of goods sold. b. fixed costs. c. variable costs. d. contra-revenue. 18. Moonwalker's CVP income statement included sales of 5,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110,000. Contribution margin is a. $500,000. b. $300,000. c. $200,000. d. $90,000. Woolford's CVP income statement included sales of 5,000 units, a selling price of $50, variable expenses of $30 per unit, and net income of $25,000. Fixed expenses are 19. a. $75,000. b. $100,000. C. $150,000. d. $250,000. In 2016, Carow sold 3,000 units at $500 each. Variable expenses were $250 per unit, and fixed expenses were $500,000. The same selling price is expected for 2017. Carow is tentatively planning to invest in equipment that would increase fixed costs by 20%, while decreasing variable costs per unit by 20%. what is Carow's break-even point in units for 2017? 20. a. 2,000 b. 2,400 C. 2,500 d. 3,000