company makes toys. In the month of July, they make 220 toys, earning a sales revenue of £14,300. The variable production costs were £30 per dress and the fixed costs for the period were £1,100. What was the contribution earned for one toy? a. £30 b. £35 c. £60 d. £65

company makes toys. In the month of July, they make 220 toys, earning a sales revenue of £14,300. The variable production costs were £30 per dress and the fixed costs for the period were £1,100. What was the contribution earned for one toy? a. £30 b. £35 c. £60 d. £65

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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Question

a company makes toys. In the month of July, they make 220 toys, earning a sales revenue of £14,300. The variable production costs were £30 per dress and the fixed costs for the period were £1,100. What was the contribution earned for one toy?

a. £30

b. £35

c. £60

d. £65

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am. 211.