Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:

	M			N			O
Unit sales price	$	10		$	8		$	9
Unit variable costs		7			6			7

Total fixed costs are $465,000. The contribution margin per composite unit for the current sales mix (round to the nearest cent) is:

Multiple Choice

• $27.00.

• $ 9.00.

• $15.00.

• $56.00.

• $38.00.