Question
Kennedy Co. sells two products, Arks and Bins. Last year, Kennedy sold 32,000 units of Arks and 18,000 units of Bins. Related data are: Product
Kennedy Co. sells two products, Arks and Bins. Last year, Kennedy sold 32,000 units of Arks and 18,000 units of Bins. Related data are:
| Product | Unit Selling Price | Unit Variable Cost | Unit Contribution Margin | |||
| Arks | $ 80 | $20 | $60 | |||
| Bins | 120 | 40 | 80 | |||
What was Kennedy's overall product's unit selling price?
a.$94.40
b.$97.60
c.$102.40
d.$104.00
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
