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Michael Hills Jewellery pty ltd has the following information available from last year for one of its silver jewellery products: Sales revenue $30,000 Variable costs

Michael Hills Jewellery pty ltd has the following information available from last year for one of its silver jewellery products:

Sales revenue $30,000

Variable costs $4950

Fixed costs $4,000

Net income $21050

If the silver jewellery had a sales price of $30 per unit, what is the contribution margin per unit?

Cannot be determined

$21.05

$25.05

$34.95

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