Provide correct answer general accounting Harrison's CVP income statement showed sales of 2,500 units, aselling price of $80, variable expenses of $45 per unit, and fixedexpenses of $55,000. Contribution margin is:A) $200,000B) $112,500C) $87,500D) $32,500

Step 1: Definition of Contribution MarginThe Contribution Margin is the amount of revenue from sales…

Answered: Harrison's CVP income statement showed…

FINANCIAL ACCOUNTING

10th Edition

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Harrison's CVP income statement showed sales of 2,500 units, a selling price of $80, variable expenses of $45 per unit, and fixed expenses of $55,000. Contribution margin is: A) $200,000 B) $112,500 C) $87,500 D) $32,500