Question
Herman's income statement is as follows: Sales (5,000 units) $75,000 Less variable costs - 24,000 Contribution margin$51,000 Less fixed costs - 12,000 Net income$ 39,000
Herman's income statement is as follows:
Sales (5,000 units)
$75,000
Less variable costs
- 24,000
Contribution margin$51,000
Less fixed costs- 12,000
Net income$ 39,000
What is the unit contribution margin?
Select one:
A.$ 5.10
B.$10.20
C.$12.00
D.$ 7.20
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College Accounting Chapters 1- 15
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794767, 9781337794763
