Question
Lorri'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
Lorri'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. $ 7.20
D. $12.00
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Modeling And Designing Accounting Systems Using Access To Build A Database
Authors: Laura R. Ingraham, C. Janie Chang
1st Edition
0471450871, 978-0471450870
