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Please help Photographs taken 2,000 2 500 _3,@ Sales revenue $ 40,000 $ 50,000 $ 60,000 Cost of goods sold 16,000 19,000 22,000 Gross prot
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Photographs taken 2,000 2 500 _3,@ Sales revenue $ 40,000 $ 50,000 $ 60,000 Cost of goods sold 16,000 19,000 22,000 Gross prot 24.000 31,000 33,000 Operating expenses Advertising expense 600 600 600 Salaries and wages expense 14,000 15.000 16.000 Insurance expense 1.500 1,500 1,500 Postage expense 3,000 3,750 4,500 Depreciation expense 1,300 1,300 1,300 Total operating expenses 20,400 22,150 23,900 Operating income _$ 3,600 _$ 8,350 _$ 14,100 Using the data above for Jacob Gallon. calculate the contribution margin per photograph. ROUND YOUR ANSWER TO 2 DECIMAL PLACES . DO NOT ENCLUDE A 35 IN YOURStep by Step Solution
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