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The following is Addison Corporations contribution format income statements for last month. The company has no beginning or ending inventories. A total of 10,000 units
The following is Addison Corporations contribution format income statements for last month.
The company has no beginning or ending inventories. A total of 10,000 units were produced and sold last month.
The following is last months contribution format income statement:
Sales (10,000 units). $ 1,200,000
Variable expenses .. 800,000
Contribution margin 400,000
Fixed expenses 240,000
Net operating income.. $ 160,000
What is the Company's contribution margin per unit ?
A) $40
| ||
B) $80 | ||
C) $400,000
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D) $120 |
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