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Homework Answers
Answer a) Revenue = $80,000
Total Revenue = Sale price per unit x number of units = 40 x 2000 = $80000
Answer b) Total Variable cost per unit = $16
Total Variable Cost per unit= COGS + Other variable cost = $10 + $6 =$16
Answer c) Contribution Margin per unit = $24
Contribution Margin per unit = Sales cost per unit - total Variable cost per unit = $40 - $16 =$24
Answer d) Total Contribution Margin = $48000
Total contribution Margin = Contribution margin per unit x number of unit sold =$24 x 2000
Answer e) Contribution Margin Ratio = 3/5
Contribution Margin Ratio = (total revenue - varible cost)/total revenue = (80000- 32000)/(80000) = 48000/80000 = 3/5
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