Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Calculate contribution margin per unit.

Select one:

a. $7.50

b. $7.00

c. $10.00

d. $11

Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. operating income equal:

Select one:

a. $3,000

b. $4.00

c. $2,500

d. $4,000