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Use the below income statement to answer the questions that follow: Sales ($100 per unit) $10,000 Less: Cost of goods sold ($64 per unit)
Use the below income statement to answer the questions that follow: Sales ($100 per unit) $10,000 Less: Cost of goods sold ($64 per unit) 6,400 Gross Margin: $3,600 Less: operating expenses: Salaries $1,600 Advertising 800 Shipping ($4 per unit) 400 2,800 Operating Income $800 1. What is the variable cost per unit? 2. What is the total fixed cost? 3. What is the contribution margin per unit?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
