Question
ZZ Tire Company opened a new location last year. Use the following information to figure out contribution margin and operating income for last year: Tires
ZZ Tire Company opened a new location last year. Use the following information to figure out contribution margin and operating income for last year:
Tires sold: 15,000
Retail Price per tire: $75 per tire
Cost per tire: $18 per tire
Installation expense per tire (payroll): $9 per tire
Utilities: $2,000 per month
Rent: $3,500 per month
Clerks and phone receptionist: $2,500 per month
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Financial Accounting
Authors: Belverd E. Needles
5th Edition
0395698022, 978-0395698020
