Sales Revenue (2500 units x $20 p/unit) $50,000

Cost of goods sold (variable-2500 units x $8 p/unit) (20,000)

Cost of goods sold (fixed) (4,000)

Gross margin $26,000

Administrative salaries (6,000)

Depreciation (4,000)

Supplies (2500 units x $2 p/unit) (5,000)

Net Income $11,000

What amount was the company's contribution margin?

(2pts)

$11,000

$25,000

$26,000

$30,000