A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 251,000 $1,054, 200 $ 420,000 $ 279,000 Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 82,000 $ 219,000 54,200 What Is the company's unit contribution margin? (Round your Intermedlate calculetions to 2 decimal pleces.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
39
A cement manufacturer has supplied the following data:
Tons of cement produced and sold
Sales revenue
251,000
$1,054, 200
$ 420,000
$ 279,000
Variable manufacturing expense
Fixed manufacturing expense
Variable selling and administrative expense
Fixed selling and administrative expense
2$
82,000
$ 219,000
Net operating income
2$
54, 200
What Is the company's unit contribution margin? (Round your Intermedlate calculetions to 2 decimal places.)
Multiple Choice
O $2.00 per unit
$0.22 per unit
$4.20 per unit
$2.20 per unit
Transcribed Image Text:A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 251,000 $1,054, 200 $ 420,000 $ 279,000 Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense 2$ 82,000 $ 219,000 Net operating income 2$ 54, 200 What Is the company's unit contribution margin? (Round your Intermedlate calculetions to 2 decimal places.) Multiple Choice O $2.00 per unit $0.22 per unit $4.20 per unit $2.20 per unit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education