A company's product sells at $12.16 per unit and has a $5.24 per unit variable cost....
A company's product sells at $12.16 per unit and has a $5.24 per unit variable cost. The company's total fixed costs are $97,200.The contribution margin per unit is:
Multiple Choice
a. $5.24.
b. $12.16.
c. $8.09.
d. $6.92.
e. $17.40.
Homework Answers
Selling price per unit = $12.16
Variable cost per unit = $5.24
Total fixed cost = $97,200
Contribution margin per unit = Selling price per unit - Variable cost per unit
= 12.16 - 5.24
= $6.92
Correct option is (d)
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