Question
Wesley's income statement is as follows: Sales (10,000 units) $150,000 Less variable costs - 48,000 Contribution margin $102,000 Less fixed costs - 24,000 Net income
Wesley's income statement is as follows:
| Sales (10,000 units) | $150,000 |
| Less variable costs | - 48,000 |
| Contribution margin | $102,000 |
| Less fixed costs | - 24,000 |
| Net income | $ 78,000 |
What is the unit contribution margin?
Select one:
A. $12.00
B. $ 7.20
C. $ 4.80
D. $10.20
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Craft Of Auditing For Accounting Undergraduates
Authors: Eldar Maksymov
1st Edition
1516589890, 9781516589890
