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Viteri Corporation is a merchandiser that reported the following financial results for the month of November: Number of units sold1,200 units Selling price per unit$221
Viteri Corporation is a merchandiser that reported the following financial results for the month of November:
Number of units sold1,200 units
Selling price per unit$221 per unit
Unit cost of goods sold$97 per unit
Variable selling expense$12 per unit
Total fixed selling expense$7,300
Variable administrative expense$8 per unit
Total fixed administrative expense$15,300
1. If cost of goods sold are a fully variable cost, what is Viteri's contribution margin in November?
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