Question
Michelle's marbles generated $120,000 total sales for the month of september. Her total variable costs were just $56,000 ,leaving her with total contribution margin of
Michelle's marbles generated $120,000 total sales for the month of september. Her total variable costs were just $56,000 ,leaving her with total contribution margin of $64,000.The selling price of marbles (a small bag is considered a unit) is $15.
How many units did Michelle sells that month?
Number of units sold units
What was her variable costs per unit?
Variable costs $ per unit
What was her contribution margin per unit?
Contribution Margin $ per unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below Solution No of units did ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App