Homework Answers
Correct answer----------(a) $700
Working
| Sales price per unit | $ 20.00 |
| Variable cost | $ 6.00 |
| Contribution margin per unit | $ 14.00 |
| Contribution margin ratio | 70% |
| Increase in revenue | $ 1,000.00 |
| Increase in income (1000*70%) | $ 700.00 |
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