A2,833 unitsNumber of unitsSale price per unit$200Variable costs per unit80Calculate:Contribution margin per unitTotal contribution margin

The contribution margin refers to the sale price over the variable cost of a product. Variable cost…

Answered: A 2,833 units $200 80 Number of units…

A 2,833 units $200 80 Number of units Sale price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

A
2,833 units
Number of units
Sale price per unit
$200
Variable costs per unit
80
Calculate:
Contribution margin per unit
Total contribution margin

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