Homework Answers
Compute selling price per unit = Sales / no of units sold
Compute selling price per unit = 124800 / 4800
Compute selling price per unit = $ 26
Compute variable cost per unit = Variable cost / no of units sold
Compute variable cost per unit = 52800 / 4800
Compute variable cost per unit = $ 11
Compute total contribution margin at 4900 units as follows:
Total contribution margin = (selling price per unit - variable cost per unit ) * no of units sold
Total contribution margin = (26 - 11) * 4900
Total contribution margin = $ 73500
Correct answer is c.
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Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells...
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