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The following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative $130,000
The following information for the past year for the Magic Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative $130,000 17,000 22,000 $118,000 20,000 39,000 During the year, the company produced and sold 10,000 units of product at a selling price of $19.45 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin per unit for the company? (Round any intermediary calculations and your final answer to the nearest cent.) A. $2.55 B. $17.70 C. $34.60 D. $1.75
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