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A recent income statement of Silverline Tools Inc. reported the following data: Amount Sales revenue $6,720,000 Variable costs $4,095,000 Fixed costs $2,100,000 If these data are based on the sale of 18,000 units, the contribution margin per unit would be: a. $145.83 b. $110.10 c. $190.25 d. $80.46 e. an amount other than those above

A recent income statement of Silverline Tools Inc. reported the following data: Amount Sales revenue $6,720,000 Variable costs $4,095,000 Fixed costs $2,100,000 If these data are based on the sale of 18,000 units, the contribution margin per unit would be: a. $145.83 b. $110.10 c. $190.25 d. $80.46 e. an amount other than those above

FINANCIAL ACCOUNTING
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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Please explain the solution to this financial accounting problem with accurate principles.

A recent income statement of Silverline Tools Inc. reported the following data: Amount Sales revenue $6,720,000 Variable costs $4,095,000 Fixed costs $2,100,000 If these data are based on the sale of 18,000 units, the contribution margin per unit would be: a. $145.83 b. $110.10 c. $190.25 d. $80.46 e. an amount other than those above
Transcribed Image Text:A recent income statement of Silverline Tools Inc. reported the following data: Amount Sales revenue $6,720,000 Variable costs $4,095,000 Fixed costs $2,100,000 If these data are based on the sale of 18,000 units, the contribution margin per unit would be: a. $145.83 b. $110.10 c. $190.25 d. $80.46 e. an amount other than those above
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