Given the following projected contribution income statement for the coming year: Sales (100 units) P 10,000 Variable costs 3,000 Contribution margin 7,000 Fixed cost 4,000 Operating income 3,000 What is the unit contribution margin? 70 30 60 100
Given the following projected contribution income statement for the coming year: Sales (100 units) P 10,000 Variable costs 3,000 Contribution margin 7,000 Fixed cost 4,000 Operating income 3,000 What is the unit contribution margin? 70 30 60 100
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3MC: A companys product sells for $150 and has variable costs of $60 associated with the product. What is...
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Question
100%
Given the following
Sales (100 units) P 10,000
Variable costs 3,000
Contribution margin 7,000
Fixed cost 4,000
Operating income 3,000
What is the unit contribution margin?
- 70
- 30
- 60
- 100
Group of answer choices
1
2
3
4
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