A recent income statement of Black Corporation reported the following data: Sales revenue $8,505,000 Variable costs 5,985,000 Fixed costs 3,040,000 If these data are based on the sale of 21,000 units, the contribution margin per unit would be: a. $120. b. $10. c. $330. d. an amount other than those above. e. $260.
A recent income statement of Black Corporation reported the following data: Sales revenue $8,505,000 Variable costs 5,985,000 Fixed costs 3,040,000 If these data are based on the sale of 21,000 units, the contribution margin per unit would be: a. $120. b. $10. c. $330. d. an amount other than those above. e. $260.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Transcribed Image Text:A recent income statement of Black Corporation
reported the following data:
Sales revenue $8,505,000
Variable costs 5,985,000
Fixed costs
3,040,000
If these data are based on the sale of 21,000 units, the
contribution margin per unit would be:
a. $120.
b. $10.
c. $330.
d. an amount other than those above.
e. $260.
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